Nvidia (NVDA) reported first quarter earnings after the bell on Wednesday that topped expectations while also announcing a 10-for-1 stock split and an increased dividend, following some of its Big Tech peers in doling out heftier quarterly payments to shareholders.
The company saw adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago.
Analysts were expecting Adj. EPS of $5.65 on revenue of $24.69 billion, according to data from Bloomberg. The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last year.
In the current quarter, Nvidia expects revenue of $28 billion plus or minus 2% in the coming quarter. That’s better analysts had expected.
Nvidia stock rose as much as 4% in extended trading on Wednesday.
This is breaking news, more to come…
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