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NVIDIA's Earnings Soar, Impressing Analysts

Strong Quarterly and Annual Performance

NVIDIA Corporation (NVDA) has released its annual and quarterly earnings reports, showcasing impressive growth across key financial metrics. For the fourth quarter of fiscal 2024, NVIDIA reported earnings of $5.16 per share, exceeding the Zacks consensus estimates.

Positive Analyst Outlook

Analysts remain optimistic about NVIDIA's future performance. Forecasts suggest a significant increase in earnings per share from $5.22 to $7.69, with revenue projected to rise from $24.1 billion to $24.5 billion in the upcoming quarter. Q4 net income saw a substantial jump of 33% compared to Q3 and a remarkable 76.9% increase year-over-year.

Record-Breaking Quarterly Revenue

NVIDIA's financial results for the fourth quarter and fiscal 2024 were exceptional. The company reported record quarterly revenue of $22.1 billion, representing an increase from the previous quarter. This strong performance has contributed to the company's overall success in the past year.

Conclusion

NVIDIA's recent earnings report and analysts' positive outlook paint a bright future for the company. The company's continued growth and innovation in the technology industry position it well to capitalize on emerging opportunities. Investors and analysts alike will eagerly anticipate NVIDIA's upcoming earnings releases, confident that the company's impressive trajectory is set to continue.

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