
NVIDIA Corporation (NASDAQ:NVDA) shares are trading lower by 6.8% at $247.05 Thursday morning after the company reported fourth-quarter earnings results.
Nvidia reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.22. The company reported quarterly sales of $7.64 billion which beat the analyst consensus estimate of $7.42 billion by 3%. This is a 53% increase over sales of $5.00 billion the same period last year. Nvidia says Gaming, Data Center and Professional Visualization market platforms each achieved record revenue for the quarter and year.