NVIDIA Corp reports results for the quarter ended April 30 - Earnings Summary

• NVIDIA Corp NVDA.OQ reported quarterly adjusted earnings of 96 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of forty three analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 91 cents to $1.01 per share.

• Revenue rose 69.2% to $44.06 billion from a year ago; analysts expected $43.31 billion.

• NVIDIA Corp's reported EPS for the quarter was 76 cents​.

• The company reported quarterly net income of $18.78 billion.

• NVIDIA Corp shares had risen by 25.0% this quarter and gained 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 56 "strong buy" or "buy," 7 "hold" and 1 "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 $168.00

This summary was machine generated from LSEG data May 28 at 09:01 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)