Special Topic: Focus on the first quarter financial report of US stocks in 2024. Gelonghui, May 23 | Nvidia (NVDA.US) US stocks rose nearly 7% before the market opened at US$1,015.29. It is expected to hit a record high after the opening.
Nvidia\’s first quarter revenue was US$26 billion, a year-on-year increase of 262%. Analysts expected US$24.69 billion; net profit was US$14.881 billion, a surge of 628% year-on-year. Analysts expected US$12.9 billion; adjusted gross profit margin was 78.9%. Analysis The forecast was 77%.
The company forecast second-quarter revenue of $28 billion (+2%), higher than analysts\’ expectations of $26.8 billion.
In addition, NVIDIA announced a 1-for-10 stock split, which will take effect on June 7; the quarterly cash dividend will be increased from 4 cents to 10 cents per share.
NVIDIA rose nearly 7% before the market opened and hit a new high. Q1 performance continued to be strong and exceeded expectations. It announced a 1-for-10 split.
Gelonghui, May 23 | NVIDIA (NVDA.US) U.S. stocks rose nearly 7% before the market opened, to US$1,015.29, and are likely to hit a record high after the opening.
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