Nvidia Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in second-quarter earnings, which also surpassed the market’s projection. However, shares of the semiconductor giant dropped during the extended trading session, following the announcement.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/08/Nvidia-Corporation-Q2-2021-Earnings-Infographic-1.jpg)
Adjusted profit climbed to $2.18 per share in the second quarter from $1.24 per share last year. Net earnings moved up to $0.99 per share from $0.90 per share in the same period of 2020. The bottom-line topped the Street view.
Revenue rose 50% annually to $3.87 billion in the second quarter and came in above the market’s prediction.
The company’s stock closed Wednesday’s regular trading sharply lower and continued to lose in the after-hours. The stock’s value more than doubled in the past twelve months.
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