NVIDIA Beats Street For Q4 Earnings, Issues Upside Q1 Guidance On Growth Across All Market …

NVIDIA hit it out of the park with its fourth quarter earnings, which were reported this afternoon. The company outpaced last year’s already strong performance with revenue of $1.4 billion (a 12 percent increase from the same quarter a year ago). Net income came in at $297 million, or 35 cents per share. Full fiscal year 2016 was reported at $5.01 billion, which was a 7 percent increase over fiscal 2015. The company’s quarterly performance far outpaced analysts’ expectations and NVIDIA was rewarded with a 7 percent share boost in after hours trading. Looking ahead to fiscal Q1 2017, NVIDA is expecting revenue of $1.26 billion and capital expenditure ranging from $35 million to $45 million. NVIDIA will also return roughly $1 billion to its shareholders via cash dividends and…


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