Investing.com - NVIDIA (NASDAQ:NVDA) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NVIDIA announced earnings per share of $1.89 on revenue of $3.11B. Analysts polled by Investing.com anticipated EPS of $1.66 on revenue of $2.96B. That with comparison to EPS of $0.92 on revenue of $2.21B in the same period a year before.NVIDIA had reported EPS of $1.78 on revenue of $3.01B in the previous quarter.Analysts are expecting EPS of $1.53 and revenue of $2.85B in the upcoming quarter.
NVIDIA shares are up 15% from the beginning of the year and are trading at $283.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4% year to date.
NVIDIA shares gained 4.51% in after-hours trade after the report.
NVIDIA follows other major Technology sector earnings this month
NVIDIA's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday, January 29, 2020 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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