Investing.com - NVIDIA (NASDAQ:NVDA) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.78 on revenue of $3.01B. Analysts polled by Investing.com forecast EPS of $1.58 on revenue of $2.92B. That compared to EPS of $1.97 on revenue of $3.18B in the same period a year earlier. The company had reported EPS of $1.24 on revenue of $2.58B in the previous quarter.
For the year, NVIDIA shares are up 57.15%, outperforming the Nasdaq which is up 30.31% year to date.
NVIDIA follows other major Technology sector earnings this month
On Wednesday, October 30, 2019, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Microsoft earnings beat analyst's expectations on Wednesday, October 23, 2019, with first quarter EPS of $1.38 on revenue of $33.06B. Investing.com analysts expected EPS of $1.25 on revenue of $32.15B
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