Company news: NVIDIA (NVDA) quarterly results beat analysts’ forecasts

NVIDIA (NVDA) reported Q1 FY 2022 earnings of $1.36 per share (versus $3.66 per share in Q1 FY 2021), beating analysts’ consensus estimate of $1.29 per share.

The company’s quarterly revenues amounted to $8.288 bln (+46.4% y/y), beating analysts’ consensus estimate of $8.094 bln.

The company also issued downside guidance for Q2 FY 2022, seeing revenues of $7.94-8.26 bln versus analysts’ consensus estimate of $8.44 bln.