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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
