NVIDIA Beats Q1 Earnings Expectations... 10-for-1 Stock Split
2.58% Increase in After-Hours Trading
NVIDIA achieved a surprise quarterly performance that exceeded market expectations. It also decided to split its stock 10-for-1.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2024032011125611134_1710900777.jpg)
On the 22nd (local time), NVIDIA announced its first-quarter (February to April) results after the market closed, reporting revenue of $26.04 billion and adjusted earnings per share (EPS) of $6.12.
This surpassed market forecasts. Previously, market research firm LSEG had projected NVIDIA's revenue at $24.65 billion and adjusted EPS at $5.59.
NVIDIA expects second-quarter (May to July) revenue to reach $28 billion, exceeding LSEG's estimate of $26.61 billion.
NVIDIA also announced a 10-for-1 stock split.
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Currently, NVIDIA's stock price is up 2.58% in after-hours trading.
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