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NVIDIA Surpasses Earnings Expectations, But Stock Drops 2% After Hours

TechNVIDIA Surpasses Earnings Expectations, But Stock Drops 2% After Hours
Yahoo Finance

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.

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