Investing.com - NVIDIA (NASDAQ:NVDA) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.88 on revenue of $2.22B. Analysts polled by Investing.com forecast EPS of $0.62 on revenue of $2.2B. That compared to EPS of $1.98 on revenue of $3.21B in the same period a year earlier. The company had reported EPS of $0.92 on revenue of $2.21B in the previous quarter.
NVIDIA shares gained 5.19% to trade at $168.51 in after-hours trade following the report.
NVIDIA shares gained 5.19% to trade at $168.51 in after-hours trade following the report.
For the year, NVIDIA shares are up 19.99%, under-performing the Nasdaq which is up 21.38% year to date.
NVIDIA follows other major Technology sector earnings this month
On Wednesday, May 8, 2019, EchoStar reported first quarter EPS of $0.08 on revenue of $531.08M, compared to forecasts of EPS of $0.1 on revenue of $528.1M.
Microsoft earnings beat analyst's expectations on Wednesday, April 24, 2019, with third quarter EPS of $1.14 on revenue of $30.57B. Investing.com analysts expected EPS of $1 on revenue of $29.88B
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