Nvidia ( NVDA ) reported first-quarter results after the bell Wednesday that beat expectations, while also announcing a 10-for-1 stock split and an increased dividend after some of its Big Tech peers handed out heftier quarterly payments to shareholders.
The company posted adjusted earnings per share (EPS) of $6.12 on revenue of $26 billion for the quarter, up 461% and 262%, respectively, from a year ago.
Analysts had expected Adj. According to Bloomberg data, earnings per share were $5.65 and revenue was $24.69 billion. The company reported adjusted earnings per share of $1.09 on revenue of $7.19 billion in the same quarter last year.
For the current quarter, Nvidia expects revenue of $28 billion plus or minus 2% in the next quarter. That’s better than what analysts expected.
Nvidia shares rose as much as 4% in extended trading on Wednesday.
This is the latest news, more to come…
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.
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