Nvidia Company (NASDAQ: NVDA) Wednesday stated its fourth-quarter revenues and revenue elevated in double-digits amid elevated demand. The outcomes additionally topped the Avenue view, driving the inventory larger in the course of the prolonged buying and selling session quickly 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 yr earlier. Web revenue superior to $2.31 per share from $1.53 per share within the fourth quarter of 2020. The underside-line exceeded the market’s prediction.
Revenues climbed 61% yearly to $5 billion in the course of the three-month interval and got here in above the estimates.
Read administration/analysts’ feedback on Nvidia’s Q3 outcomes
The corporate’s inventory closed Wednesday’s common buying and selling larger and gathered additional momentum in the course of the after-hours session.