NVIDIA Corp reports results for the quarter ended January 31 - Earnings Summary

• NVIDIA Corp NVDA.OQ reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of thirty nine analysts for the quarter was for earnings of 84 cents per share. Wall Street expected results to range from 81 cents to 95 cents per share.

• Revenue rose 77.9% to $39.33 billion from a year ago; analysts expected $38.04 billion.

• NVIDIA Corp's reported EPS for the quarter was 89 cents​.

• The company reported quarterly net income of $22.09 billion.

• NVIDIA Corp shares had fallen by 5.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 57 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for NVIDIA Corp is $175.00

This summary was machine generated from LSEG data February 26 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)