Nvidia Announces Quarterly Earnings Beat
Earnings Call Webcast and Transcript
Conference Call Details
Nvidia (NVDA) reported its fourth-quarter earnings after the bell on Wednesday, beating analysts' expectations on both the top and bottom lines.
Interested investors can access the company's earnings call webcast and transcript through Nvidia's investor relations website.
Key Financial Metrics
- Revenue: $6.05 billion, vs. $6.04 billion expected
- Earnings per share (EPS): $0.88, vs. $0.81 expected
- Gross margin: 66.1%
- Net income: $2.3 billion
Conference Call Highlights
During the conference call, Nvidia CEO Jensen Huang discussed the company's strong performance in gaming, data center, and professional visualization markets.
Huang also provided an update on the company's ongoing initiatives in artificial intelligence (AI), autonomous vehicles, and the metaverse.
Analyst Commentary
Analysts were generally positive on Nvidia's earnings results, highlighting the company's continued growth and leadership in the semiconductor industry.
Several analysts raised their target prices for NVDA stock following the earnings release.
Overall, Nvidia's quarterly earnings report was well-received by investors and analysts, indicating continued confidence in the company's long-term prospects.
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