NVIDIA Revenue Report Exceeded Forecasts

NVIDIA Revenue Report Exceeded Forecasts

NVIDIA revenue report exceeded estimates. NVIDIA announced on Wednesday that its revenue was above expectations in its second quarter report. Stating that it had $ 2.18 revenue per share, the company said its total revenue was $ 3.87B. Analysts' estimates were for the company to earn $ 1.98 per share and $ 3.65B in total. Post-closing NVIDIA shares traded at $ 490.00 with 0.83% no-change following the earnings report. During the year, NVIDIA shares increased 106 percent. The S&P 500 index, where NVIDIA shares are traded, rose 4 percent. NVIDIA Watching the Tech Giants Tech giant Apple announced on July 30 that its total revenue was $ 59.69B, with revenue of $ 2.58 per share in the third quarter. Analysts say these levels are $ 2.05 per share; for the total revenue of $ 52.29B. Another technology giant, Microsoft, announced on July 22 that the company's revenues exceeded estimates. The company reported revenue of $ 1.46 per share for the last quarter, and reported a gain of $ 38.03B in total revenue. Analysts' expectation was that the company would generate a total revenue of $ 36.54B, with a revenue of $ 1.34 per share.