Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the extended trading session soon after the announcement.
The graphics chipmaker reported adjusted earnings of $3.10 per share for the January-quarter, up from $1.89 per recorded a year earlier. Net income advanced to $2.31 per share from $1.53 per share in the fourth quarter of 2020. The bottom-line exceeded the market’s prediction.
Revenues climbed 61% annually to $5 billion during the three-month period and came in above the estimates.
The company’s stock closed Wednesday’s regular trading higher and gathered further momentum during the after-hours session.
Home furnishing retailer Bed Bath & Beyond (NASDAQ: BBBY) has reported a net loss for the first quarter of 2022 when the company’s revenues declined by 25%. Net earnings, adjusted
Shares of Mattel Inc. (NASDAQ: MAT) have gained 1% year-to-date and 6% over the past 12 months. The company delivered double-digit growth in sales and improved profitability for its most
The ripples of the COVID-driven e-commerce boom are being felt beyond the retail industry, and the other sectors influenced by it include transportation and real estate. The high demand for