NVIDIA (NVDA) Reports Strong Q4 Results and Better Than Expected Guidance
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Go back to NVIDIA (NVDA) Reports Strong Q4 Results and Better Than Expected Guidance
February 16, 2022 4:35 PM EST
By Eva Mathews, Akash Sriram and Jane Lanhee Lee
(Reuters) -Chipmaker Nvidia Corp on Wednesday forecast current-quarter revenue above analysts' estimates, banking on strong demand for data centers.
But flat gross margins from the previous quarter and concern about Nvidia's exposure to the crypto market pushed shares down 2.8% in after-hours trading.
Nvidia expects first-quarter revenue of about $8.1 billion, compared with analysts' estimates of $7.29 billion, according to IBES data from Refinitiv. Data center revenue grew 71% to a record $3.26 billion in the fourth quarter.
Chief Executive Jensen Huang also told analysts on a call that business... More
February 16, 2022 4:21 PM EST
NVIDIA (NASDAQ: NVDA) reported Q4 EPS of $1.32, $0.10 better than the analyst estimate of $1.22. Revenue for the quarter came in at $7.64 billion versus the consensus estimate of $7.42 billion.
GUIDANCE:
NVIDIA sees Q1 2023 revenue of $8.1 billion, versus the consensus of $7.29... More
