Nvidia: Fiscal 4Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Nvidia Corp. (NVDA) on Thursday reported fiscal fourth-quarter profit of $567 million.
On a per-share basis, the Santa Clara, California-based company said it had profit of 92 cents. Earnings, adjusted for one-time gains and costs, came to 80 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The maker of graphics chips for gaming and artificial intelligence posted revenue of $2.21 billion in the period, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $2.37 billion.
For the year, the company reported profit of $4.14 billion, or $6.63 per share. Revenue was reported as $11.72 billion.
Nvidia shares have climbed 16 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 9.5 percent. In the final minutes of trading on Thursday, shares hit $154.53, a decline of 36 percent in the last 12 months.