NVIDIA beats estimates

NVIDIA Corp. reported its fourth quarter financial results after the market close on Wednesday.

The US technology giant reported revenue of $7.643 billion in the previous quarter (up by 53% from a year earlier) vs. $7.42 billion expected.

Earnings per share reported at $1.32 (up 69% from a year earlier and up 13% from the quarter before)  vs. $1.23 per share expected.

The company paid quarterly cash dividends of $100 million in the fourth quarter.

”We are seeing exceptional demand for NVIDIA computing platforms,” founder and CEO of NVIDIA, Jensen Huang said in a statement following the latest results.

”NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today’s most impactful fields.”

”We are entering the new year with strong momentum across our businesses and excellent traction with our new software business models with NVIDIA AI, NVIDIA Omniverse and NVIDIA DRIVE. GTC is coming. We will announce many new products, applications and partners for NVIDIA computing,” he added.

NVIDIA Corp. (NVDA) chart (daily)

Shares of NVIDIA were little changed at the end of the trading day on Wall Street, up by 0.06% at $265.05 per share. Here is how the stock has performed in the past year –

• 1 Month: +5.76%
• 3 Month: -9.40%
• Year-to-date: -9.86%
• 1 Year: +77.85%

NVIDIA is the 8^th largest company in the world, with a total market cap of $660.65 billion.

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Sources: NVIDIA Corp., TradingView, CompaniesMarketCap