Categories AlphaGraphs, Earnings, LATEST, Technology
Infographic: Highlights of Nvidia’s (NVDA) Q3 2021 earnings report
Graphics chipmaker Nvidia Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in third-quarter earnings, which also surpassed the market’s projection. However, shares of the company dropped during the extended trading session, immediately following the announcement.
Adjusted profit climbed to $2.91 per share in the third quarter from $1.78 per share last year. Net earnings moved up to $2.12 per share from $1.45 per share in the same period of 2020. The bottom-line topped the Street view.
Revenue rose 57% annually to $4.73 billion during the three-month period and came in above the market’s prediction.
Read management/analysts’ comments on Nvidia’s Q3 results
The company’s stock closed Wednesday’s trading higher but lost momentum during the after-hours session. The stock’s value more than doubled in the past twelve months.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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