FX.co ★ NVIDIA Corporation Q3 Profit Increases, Beats Estimates

NVIDIA Corporation (NVDA) has announced an impressive increase in its third-quarter earnings, surpassing analysts' expectations. The company's net income reached $19.309 billion, translating to $0.78 per share, a significant rise from $9.243 billion, or $0.37 per share, reported in the same quarter last year.

When adjusted for certain items, NVIDIA's earnings amounted to $20.010 billion, or $0.81 per share. These figures exceeded the consensus estimate of $0.75 per share, as anticipated by analysts surveyed by Thomson Reuters, who typically do not consider special items in their projections.

Moreover, the company achieved a remarkable 93.6% increase in revenue, reaching $35.082 billion, as compared to $18.120 billion in the previous year.

Key financial metrics for NVIDIA in the third quarter (GAAP) are as follows:

- Earnings: $19.309 billion, compared to $9.243 billion the previous year.

- Earnings Per Share (EPS): $0.78, up from $0.37 last year.

- Revenue: $35.082 billion, a significant increase from $18.120 billion last year.