Investing.com - NVIDIA (NASDAQ:NVDA) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.24 on revenue of $2.58B. Analysts polled by Investing.com anticipated EPS of $1.14 on revenue of $2.55B. That compared to EPS of $1.76 on revenue of $3.12B in the same period a year earlier. The company had reported EPS of $0.88 on revenue of $2.22B in the previous quarter.
NVIDIA shares gained 5.85% to trade at $157.47 in after-hours trade following the report.
For the year, NVIDIA shares are up 11.44%, under-performing the Nasdaq which is up 19.36% year to date.
NVIDIA follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analyst's expectations on Tuesday, July 30, 2019, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.32B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar