Nvidia Stock Slips After Chip Giant Reports Earnings -- WSJ

Dow Jones11-21

By WSJ Staff

Nvidia shares fell slightly in afterhours trading Wednesday following the company's highly anticipated earnings report.

Shares initially slipped about 5% after the results came out, then recovered much of those losses. The chip giant, the largest publicly traded company in the world, will update investors on their results on a conference call slated to start at 5 p.m. ET. Here's how the numbers look at first glance:

-- Revenue came in at $35.1 billion, up from $18.12 billion in the year-ago quarter. Analysts were expecting $33.17 billion in sales, according to FactSet.

-- Net income was $19.31 billion, compared with $9.24 billion a year ago. Analysts were expecting $17.45 billion.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 20, 2024 16:25 ET (21:25 GMT)

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