Despite NVIDIA’s earnings surpassing market expectations, its stock has dropped approximately 2% in after-hours trading.
On Wednesday, immediately after the market closed, NVIDIA announced that its earnings per share for the last quarter were $0.81, exceeding the market expectation of $0.75.
The company also reported revenues of $35.08 billion, surpassing the market forecast of $33.16 billion. This represents a 94% increase from the previous year.
However, this reflects a slowdown from the previous quarter’s 122% growth. Earlier, NVIDIA reported quarterly growth rates of 262% and 265%.
The company’s revenue growth rate has declined from 200% to 100%, ending at 94% last quarter. This trend suggests a steady slowdown in revenue growth rates.
The market’s disappointment is evident in the 2% stock decline despite the company exceeding earnings expectations.
In after-hours trading, NVIDIA’s stock is down 2.30%, trading at $142.53. During regular trading hours, the stock closed with a 0.76% decline.
