Nvidia Announces Fantastic Results. Gigantic Sales, Optimistic Forecasts

Nvidia had revenue of $39.33 billion in the fiscal fourth quarter, compared with the average expectation of $38.05 billion. Earnings per share were 89 cents, compared with the forecast of 84 cents. Net income rose to $22.09 billion from $12.29 billion generated in the same period a year earlier. Nvidia had a good full-year fiscal 2024. The company’s revenue increased 114% during that time, to $130.5 billion.

Nvidia's forecasts for the first fiscal quarter of 2025 are quite good. The company expects its revenue to reach $43 billion. It will be slightly higher than the average analyst forecast of $41.78 billion.