Investing.com - NVIDIA reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NVIDIA announced earnings per share of $1.32 on revenue of $7.64B. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $7.41B.
NVIDIA shares are down 9% from the beginning of the year , still down 23.48% from its 52 week high of $346.47 set on Monday, November 22, 2021. They are under-performing the S&P 500 which is down 6.11% year to date.
NVIDIA shares lost 0.97% in after-hours trade the report.
NVIDIA follows other major Information Technology sector earnings this month
NVIDIA's report follows an earnings beat by Apple on Thursday, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.74B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar