NVIDIA’s Earnings Report Was Stellar (Again) — but Not Good Enough for All Investors | The Motley Fool
NVIDIA (NASDAQ:NVDA) reported strong fiscal fourth-quarter 2021 results after the market close on Wednesday, Feb. 24. As with last quarter, the graphics processing unit (GPU) specialist’s growth was driven by record revenue in its gaming and artificial intelligence (AI)-driven data center businesses.
Results on both the top and bottom lines beat Wall Street’s consensus estimates, and fiscal first-quarter 2022 guidance for both revenue and adjusted earnings per share (EPS) also came in higher than analysts had been expecting.
Shares of the tech stock initially rose 3.1% in Wednesday’s after-hours trading session, but reversed course soon before the earnings call started and fell throughout the call. Shares closed the session down 2.2%. The…