NVIDIA: Q1 revenue set to beat estimates

Monday, 12. April 2021 21:25

NVIDIA Corp. stated on Monday that its revenue is expected to come in higher than previously expected.

"While our fiscal 2022 first quarter is not yet complete, Q1 total revenue is tracking above the $5.30 billion outlook provided during our fiscal year-end earnings call. We are experiencing broad-based strength, with all our market platforms driving upside to our initial outlook," CFO Colette Kress said in the press release.

Following the announcement, shares of the tech company jumped 6.31% at 3:24 pm ET.

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Breaking the News / MD