Company News: NVIDIA (NVDA) quarterly results beat analysts’ forecasts

Market news

27 May 2021

Company News: NVIDIA (NVDA) quarterly results beat analysts’ forecasts

NVIDIA (NVDA) reported Q1 FY 2021 earnings of $3.66 per share (versus $1.80 per share in Q1 FY 2020), beating analysts’ consensus estimate of $3.28 per share.

The company’s quarterly revenues amounted to $5.660 bln (+83.8% y/y), beating analysts’ consensus estimate of $5.409 bln.

The company also issued upside guidance for Q2 FY2021, projecting revenues of $6.30 bln, +/-2%, equating to revenue of approximately $6.174-$6.426 bln versus analysts’ consensus estimate of $5.48 bln.

NVDA rose to $631.25 (+0.52%) in pre-market trading.

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