Investing.com - NVIDIA (NASDAQ:NVDA) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NVIDIA announced earnings per share of $1.32 on revenue of $7.64B. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $7.41B.
NVIDIA shares are down 9% from the beginning of the year and are trading at $259.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 10.52% from the start of the year.
NVIDIA shares lost 2.30% in after-hours trade the report.
NVIDIA follows other major Information Technology sector earnings this month
NVIDIA's report follows an earnings beat by Apple on Thursday, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.74B.
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