Company news: NVIDIA’s (NVDA) quarterly results beat analysts’ estimates

NVIDIA (NVDA) reported Q3 FY2024 earnings of $0.81 per share (versus $4.02 per share in Q3 FY2023), beating analysts’ consensus estimate of $0.75 per share.

The company’s quarterly revenues amounted to $35.082 bln (+93.6% y/y), strongly beating analysts’ consensus estimate of $33.153 bln.

The company also issued in-line guidance for Q4 FY2024, seeing revenues of $37.5 bln, plus/minus 2%, which implies $36.75-38.25 bln, versus analysts’ consensus estimate of $37.09 bln.

NVDA fell to $142.50 (-2.32%) in pre-market trading.