Nvidia Earnings Report Predicts Higher Revenue and Earnings Per Share
Earnings Report Scheduled for May 22, 2024
Analysts Anticipate Strong Financial Performance
Nvidia Corporation (NVDA) is expected to report its earnings for the quarter ended May 2024 on Wednesday, May 22, 2024, after market close. Analysts are forecasting that the company's earnings per share (EPS) will surge by 474%, ranging from $5.22 to $6.22. Revenue is also projected to increase significantly, with estimates ranging from $24.1 billion to $24.5 billion, marking a rise of 241%.
Nvidia's impressive sales performance in its previous quarter has contributed to the optimistic outlook. The company reported a remarkable increase in sales during that period, and its positive outlook suggests that the AI boom is likely to continue. Investors and analysts are eagerly awaiting the company's earnings report to gain insights into its financial health and future prospects.
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