From Nasdaq: 2024-11-20 17:30:02

Nvidia (NVDA) reported quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.75 per share. Revenues were $35.08 billion, surpassing estimates by 5.27%. The stock has gained 196.9% this year. Analysts are optimistic about the company’s future performance. Amtech Systems (ASYS) is expected to report a quarterly loss of $0.04 per share, with revenues expected to be $23 million, down 17% from last year.

Investors are eager to know what’s next for Nvidia after its strong performance this year. The company’s earnings outlook is positive with a Zacks Rank #1. Analysts are expecting earnings of $0.80 per share on $36.84 billion in revenues for the next quarter. The industry is in the top 6% of Zacks-ranked industries, indicating strong potential for Nvidia.

Research Chief Sheraz Mian names a company as the “Single Best Pick to Double” with significant upside potential. The company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter. Investors can access more information and recommendations from Zacks Investment Research for potential investment opportunities.



Read more at Nasdaq: Nvidia (NVDA) Tops Q3 Earnings and Revenue Estimates