NVIDIA Unveils Q4 and Fiscal 2024 Financials, Forecasting a Stellar Second Quarter
Exceptional Performance and Bullish Forecast
NVIDIA, the global leader in artificial intelligence and graphics computing, announced impressive financial results for the fourth quarter and fiscal 2024 on Wednesday, showcasing its continued dominance in the industry.
Strong First Quarter Earnings
For the first quarter of fiscal 2024, NVIDIA reported exceptional revenue growth of 19% year-over-year, reaching $7.19 billion. Analysts had anticipated $7.16 billion, reflecting NVIDIA's ability to consistently surpass expectations.
Bullish Second Quarter Outlook
The company's bullish outlook for the second quarter of fiscal 2025 is equally noteworthy. NVIDIA anticipates revenue of $8.28 billion, with a potential variance of plus or minus 2%. This forecast represents an anticipated increase of 241% to 245% year-over-year.
Analysts Anticipate Stellar Earnings
Financial analysts have expressed optimism regarding NVIDIA's second quarter performance. They predict a surge in earnings per share (EPS) of 474% to 522%, signaling the company's ongoing financial strength.
Additional details about NVIDIA's financial results and outlook for the second quarter of fiscal 2025 will be available in an upcoming news article.
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