NVIDIA Announces Record-breaking Financial Results
Fourth Quarter 2024 Revenue Soars
NVIDIA (NASDAQ: NVDA) reported stellar financial results for the fourth quarter ended January 28, 2024. The technology giant posted a record quarterly revenue of $22.1 billion, representing a 22% increase from the previous quarter and a remarkable 26.5% growth year-over-year.
Net Income Jumps Significantly
Equally impressive, NVIDIA's fourth-quarter net income surged to $12.3 billion, a 33% increase from the third quarter and a staggering 76.9% growth compared to the same period last year. This surge in profitability underscores the company's strong market position and efficient operations.
First Quarter Projections
For its fiscal first quarter, NVIDIA projects earnings of $1.32 billion on sales of $24.7 billion, reflecting increases of 54.4% and 24.3%, respectively, from the previous quarter. The company's guidance points to continued growth and optimism for the upcoming period.
Market Expectations
Analysts and investors eagerly await NVIDIA's earnings report scheduled for May 22, 2024, after the market closes. The report will provide further insights into the company's financial performance, strategic initiatives, and market outlook. NVIDIA Corporation Common Stock is expected to report earnings on 05222024 after market close. The report will be for the...
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