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2022-05-27
Shares of Nvidia were up 5.16% on Thursday after the company delivered better-than-expected financial results for the fiscal first quarter (which ended May 1). For the quarter, revenue grew 46% year over year. While it decelerated from the previous quarter's 53% growth rate, revenue of $8.29 billion beat expectations for $8.1 billion.Moreover, adjusted earnings per share of $1.36 increased by a healthy 49% year over year and also slightly beat analyst estimates.
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