NVIDIA Corporation Common Stock Earnings Report Expected on May 22nd, 2024
Earnings Call to Take Place at 2 PM EST
Anticipated Earnings Report
NVIDIA Corporation (NASDAQ: NVDA) is expected to report its fiscal first-quarter earnings on Wednesday, May 22nd, 2024, after the market closes. The earnings report will cover the fiscal quarter ending April 2024. Investors will be closely watching the report, as the company's recent performance has been strong.
In its most recent quarter, NVIDIA reported earnings per share of $6.12 and revenue of $26.6 billion. The company attributed its strong performance to continued strong demand for its data center and gaming products. NVIDIA's data center business has been benefiting from the growing adoption of artificial intelligence (AI) and machine learning (ML) applications. The company's gaming business has also been performing well, driven by the release of new graphics cards.
Investors are expecting another strong quarter from NVIDIA. The company is expected to report earnings per share of $6.85 and revenue of $28.0 billion. If NVIDIA meets these expectations, it will mark another quarter of double-digit growth for the company.
The earnings report will be followed by a conference call at 2 PM EST. The conference call will be webcast live on the company's website.
Comments