NVIDIA 1quarterly revenue 816billion dollars, guidance of 910billion
NVIDIA 1reported revenue of 816billion dollars, up 85% year over year. It raised its revenue guidance for the next quarter to 910billion dollars, but its shares fell after the announcement.
NVIDIA 1reported revenue of 816billion dollars in its quarterly results. The company said revenue was up 85% year over year. Quarterly results exceeded analysts’ expectations.
The company set its revenue guidance for the next quarter at 910billion dollars. The company formally announced the higher guidance. The guidance gives investors expectations for future results.
Separately, NVIDIA announced a share repurchase authorization of 800billion dollars and a 25fold increase in its dividend. The company disclosed the two measures together. The company said it was expanding its shareholder return policy.
However, the share price fell after the earnings announcement. This decline marked the4consecutive quarter in which the share price fell after an earnings announcement. Some analysts said that very high expectations had already been priced into the stock.
Some market experts said, citing past patterns, that this correction could be temporary. The company’s earnings themselves were assessed as strong. Investors’ questions are focusing on whether the company will meet its guidance for the coming quarters.
Sources: The Motley Fool
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