NVIDIA Corp reports results for the quarter ended October 31 - Earnings Summary

• NVIDIA Corp NVDA.OQ reported quarterly adjusted earnings of 81 cents​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of forty two analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 72 cents to 80 cents per share.

• Revenue rose 93.6% to $35.08 billion from a year ago; analysts expected $33.16 billion.

• NVIDIA Corp's reported EPS for the quarter was 78 cents​.

• The company reported quarterly net income of $19.31 billion.

• NVIDIA Corp shares had risen by 21.1% this quarter and gained 196.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 57 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for NVIDIA Corp is $165.00

This summary was machine generated from LSEG data November 21 at 01:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)