Nvidia's (NVDA) second quarter results smashed analyst expectations on both the top and bottom lines. The company reported adjusted earnings of $2.70 a share compared to estimates of $2.07. Revenue of $13.51 billion was well above Street estimates of $11.04 billion. Nvidia's third quarter revenue outlook was also far better than expected. The company also authorized a $25 billion share buyback. CFRA Research Senior Equity Analyst Angelo Zino joined Yahoo Finance Live to discuss the results. Zino says the guidance was "fantastic" and that "it's absolutely astonishing how quickly the revenue trajectory of this company has grown over the last two to three quarters." Zino even makes the case that "Nvidia is probably going to be the most important company to civilization over, we think, the next five to ten years."
Nvidia's (NVDA) second quarter results smashed analyst expectations on both the top and bottom lines. The company reported adjusted earnings of $2.70 a share compared to estimates of $2.07. Revenue of $13.51 billion was well above Street estimates of $11.04 billion. Nvidia's third quarter revenue outlook was also far better than expected. The company also authorized a $25 billion share buyback.
CFRA Research Senior Equity Analyst Angelo Zino joined Yahoo Finance Live to discuss the results. Zino says the guidance was "fantastic" and that "it's absolutely astonishing how quickly the revenue trajectory of this company has grown over the last two to three quarters." Zino even makes the case that "Nvidia is probably going to be the most important company to civilization over, we think, the next five to ten years."
The Wall Street Journal
Nvidia's numbers are out, and the chipmaker has once again smashed Wall Street expectations. Here's what the company reported, versus what analysts expected, according to FactSet: + **Revenue:** $13.51 billion, versus $11.
Investor's Business Daily
Snowflake (SNOW) reported second-quarter earnings Wednesday that trounced analyst expectations and showed 36% revenue growth. SNOW stock jumped in aftermarket trades. For its fiscal second quarter ending in July, the cloud-data platform provider reported adjusted earnings of 25 cents per share on revenue of $674 million, up 36% from the $497 million in sales for the same period last year....
Bloomberg
(Bloomberg) -- Nvidia Corp., which has become a standout in the tech industry’s race toward artificial intelligence computing, gave another stunningly strong quarterly revenue forecast, fueled by surging demand for its AI processors in data centers.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to
Yahoo Finance
Goldman Sachs's information chief, a veteran of Amazon Web Services, says AI could disrupt "all digital and all information and knowledge industries." He talked to Yahoo Finance about how it could change the bank.
Investor's Business Daily
Tesla appears to be edging closer to launching its highly anticipated Cybertruck, with Chief Executive Officer Elon Musk posting an image of the vehicle "production candidate" on X, formerly known as Twitter, Wednesday afternoon. TSLA gained ground in market trade. Musk posted an image of himself in the Cybertruck at the EV giant's Texas factory on Wednesday.
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