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

Market news

19 August 2021

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

NVIDIA (NVDA) reported Q2 FY 2021 earnings of $1.04 per share (versus $2.18 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.02 per share.

The company’s quarterly revenues amounted to $6.507 bln (+68.3% y/y), beating analysts’ consensus estimate of $6.338 bln.

The company also issued upside guidance for Q3 FY 2021, projecting revenues of $6.66-$6.94 bln versus analysts’ consensus estimate of $6.53 bln.

NVDA rose to $194.15 (+1.97%) in pre-market trading.

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