Investing.com - NVIDIA (NASDAQ:NVDA) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.8 on revenue of $2.21B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $2.3B. That compared to EPS of $1.57 on revenue of $2.91B in the same period a year earlier. The company had reported EPS of $1.97 on revenue of $3.18B in the previous quarter.
NVIDIA shares gained 7.11% to trade at $165.52 in after-hours trade following the report.
For the year, NVIDIA shares are up 15.75%, outperforming the Nasdaq 100 which is up 13.29% year to date.
NVIDIA follows other major Technology sector earnings this month
On January 24, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
Cisco earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.73 on revenue of $12.45B. Investing.com analysts expected EPS of $0.72 on revenue of $12.41B
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