Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Nvidia crushes estimates again, but the alarm has been sounded?
Event Description
Ended
$NVIDIA (NVDA.US)$ announced its earnings results for Q3 FY2024 amid market expectations. Although analysts had previously set high goals for Show More
$NVIDIA (NVDA.US)$ announced its earnings results for Q3 FY2024 amid market expectations. Although analysts had previously set high goals for its performance, Nvidia once again easily topped revenue and earnings expectations.

Benefiting from its strong market position and surge in data center demand, NVIDIA's Q3 revenue reached US$18.12 billion, crushing analysts' expectations of US$16.09 billion. Adjusted EPS was $4.02, compared with expectations of $3.36. Q4 revenue is expected to be US$20.0 billion +/-2%, while analysts expected US$17.9 billion.

What's worth mentioning is that Nvidia expects sales in China market to decline sharply in Q4, but will be offset by growth in other regions.

Discussion:
Nvidia's performance will continue to climb, or has it peaked?
Views
272K
Posts
163
Join event
Latest
Hot