Categories AlphaGraphs, Earnings, Technology
Earnings: Nvidia (NVDA) Q1 adj. profit declines; revenue down 13%
Nvidia Corporation (NASDAQ: NVDA) announced financial results for the first quarter of 2024, reporting a decline in adjusted earnings and revenues.
The Santa Clara-headquartered tech firm reported adjusted earnings of $1.09 per share for the April quarter, compared to $1.36 per share in the same period of last year. The bottom line was negatively impacted by a 13% decline in revenues to $7.19 billion.
Net income, including special items, was $2.04 billion or $0.82 per share in the three-month period, compared to $1.62 billion or $0.64 per share in the first quarter of 2023.
“Our entire data center family of products — H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand, and BlueField-3 DPU — is in production. We are significantly increasing our supply to meet surging demand for them,” said Nvidia’s CEO Jensen Huang.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed