SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Nvidia's quarterly report was better than expected

Semiconductor giant Nvidia's quarterly report was better than expected. But investors are not quite satisfied. The stock is falling in after-hours trading.

» Updated: September 04 2024

» Published: August 28 2024

Nvidia's quarterly report was better than expected
Photo: Jeff Chiu/AP/TT

After the New York Stock Exchange closed on Wednesday, Nvidia presented its highly anticipated report.

The report showed that the adjusted profit per share for the past quarter was $0.68, compared to analysts' expectations, which averaged $0.64, according to CNBC.

The revenue landed at $30 billion, while expectations were at $28.7 billion. Compared to the corresponding quarter last year, revenue has increased by 122 percent.

For the current quarter, the company expects revenue to land at $32.5 billion. Analysts had expected it to reach $31.8 billion, according to the analysis firm Street Account.

Nvidia's revenue from data centers increased by 154 percent from the same period last year to $26.3 billion. Expectations were at $25.2 billion.

The company also announced a large repurchase of shares worth $50 billion.

Investors were not satisfied with the report. Half an hour after its release, the stock had fallen by approximately 4.5 percent in after-hours trading on the New York Stock Exchange.

Nvidia's stock has so far this year increased by nearly 155 percent.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

E-coli outbreak hit McDonald's results
1 MIN READ

E-coli outbreak hit McDonald's results

Court Rejects Vattenfall Project
1 MIN READ

Court Rejects Vattenfall Project

Gold at a new record level
1 MIN READ

Gold at a new record level

Trump on Steel Tariffs: "No Catastrophe"
3 MIN READ

Trump on Steel Tariffs: "No Catastrophe"

The Stockholm Stock Exchange Rises Slightly
1 MIN READ

The Stockholm Stock Exchange Rises Slightly

Inflation moving in different directions in Norway and Denmark
1 MIN READ

Inflation moving in different directions in Norway and Denmark

Decreased consumption in December
1 MIN READ

Decreased consumption in December

Skanska builds out hospital in Gothenburg
1 MIN READ

Skanska builds out hospital in Gothenburg

NCC Proposes Extra Dividend
1 MIN READ

NCC Proposes Extra Dividend

Nokia changes CEO
1 MIN READ

Nokia changes CEO

Mixed on Asian Exchanges
1 MIN READ

Mixed on Asian Exchanges

The People's Share That Flopped – Volvo Cars Stuck in a Ditch
2 MIN READ

The People's Share That Flopped – Volvo Cars Stuck in a Ditch

Cash withdrawals continue to decrease
1 MIN READ

Cash withdrawals continue to decrease

Three quarters of the salary to live in Los Angeles
1 MIN READ

Three quarters of the salary to live in Los Angeles

Trump: Stop manufacturing one-cent coins
1 MIN READ

Trump: Stop manufacturing one-cent coins

Trump plans to introduce steel tariffs
2 MIN READ

Trump plans to introduce steel tariffs

Half Expect Rising Housing Prices
1 MIN READ

Half Expect Rising Housing Prices

Food prices are rising: "The government must wake up"
2 MIN READ

Food prices are rising: "The government must wake up"

Soon, there will be no more parental allowance on weekends
1 MIN READ

Soon, there will be no more parental allowance on weekends

Klarna's CEO: "I give up – embracing crypto"
1 MIN READ

Klarna's CEO: "I give up – embracing crypto"