NVIDIA Corp. (NVDA – Analyst Report) released their fourth quarter fiscal 2016 earnings results, posting earnings of $0.35 per share and revenue of $1.40 billion.

Currently, NVDA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

NVIDIA:                                                 

1. Beat earnings estimates. The company posted $1.40 per share, surpassing our Zacks Consensus Estimate of 0.32.

2. Beat revenue estimates. The company saw revenue figures of $1.40 billion, beating our estimate of $1.311 billion and up 12% from a year earlier.

3. Reported net income of $297 million and operating income of $356 million.

4. “We had another record quarter, capping a record year,” said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. “Our strategy is to create specialized accelerated computing platforms for large growth markets that demand the 10x boost in performance we offer. Each platform leverages our focused investment in building the world’s most advanced GPU technology.”

5. NVDA was up $2.59, or 9.36%, to $30.25 as of 4:39 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at NVIDIA’s quarterly net income and profit margin:

Nvidia Corporation (NVDA – Analyst Report) Quarterly Net Income & Profit Margin | FindTheCompany

NVIDIA Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design. NVIDIA was founded in 1993 and is headquartered in Santa Clara, California.

Print Friendly, PDF & Email