Send
Print
Amir Shtanger
Nevertheless, the company's stocks, which have seen a significant increase in value over the last two years due to the boom in artificial intelligence technology, declined in value following the release of the reports. Analysts think this may be because of a decrease in the quarter-on-quarter growth of important financial indicators.
Mark Luschini, a senior investment strategist at consulting firm Janney Montgomery Scott, mentioned that although the company is expanding rapidly, the rate of growth has declined for the past four quarters: “It's challenging for a company with a stock trading at a 40-50 multiple of expected earnings to exceed expectations.”
Based on the company's announcement, revenue for the fiscal quarter ending on July 28 increased to $30.04 billion compared to $13.51 billion in the previous fiscal year's corresponding period. The average prediction by experts surveyed by LSEG was $28.7 billion.
Nvidia announced earnings of $16.6 billion, or $0.67 per share, for the last quarter, up from $6.19 billion, or $0.25 per share, in the previous year's corresponding period.
Profits not including special items were 68 cents per share, in line with the market's expected forecast of 65 cents per share.
source: bloomberg.com
Mark Luschini, a senior investment strategist at consulting firm Janney Montgomery Scott, mentioned that although the company is expanding rapidly, the rate of growth has declined for the past four quarters: “It's challenging for a company with a stock trading at a 40-50 multiple of expected earnings to exceed expectations.”
Based on the company's announcement, revenue for the fiscal quarter ending on July 28 increased to $30.04 billion compared to $13.51 billion in the previous fiscal year's corresponding period. The average prediction by experts surveyed by LSEG was $28.7 billion.
Nvidia announced earnings of $16.6 billion, or $0.67 per share, for the last quarter, up from $6.19 billion, or $0.25 per share, in the previous year's corresponding period.
Profits not including special items were 68 cents per share, in line with the market's expected forecast of 65 cents per share.
source: bloomberg.com
