NVIDIA Corporation (NASDAQ:NVDA) late Thursday posted better than expected fourth quarter earnings and offered an in-line outlook for Q1.
The Santa Clara-based graphics processor maker reported Q4 EPS of $1.13, which was a full $0.15 better than the Wall Street consensus estimate of $0.98. Revenues surged 54.9% from last year to $2.17 billion, also topping analysts’ $2.1 billion view.
Looking ahead, NVDA forecast Q1 revenues of $1.90 billion, plus or minus 2%. That implies a range of $1.86 to $1.93 billion, which would be in-line with Wall Street’s $1.87 billion estimate.
NVIDIA also said it now plans to return $1.25 billion to shareholders via dividends and buybacks in fiscal 2018, up from prior guidance of $1.2 billion.
as is often the case NVDA down after hours. It was down after hours for TWLO yesterday but the stock did fine in regular trading. The big up was revenues , at this early stage of AI it’s more important than earnings
I am happy- 54% compounded growth over a few years will do wonders. So do stock buybacks ad dividends. But with the high P/E I would prefer more dividends. Save the buy backs for a possible stock crash price. Or be a bit less generous with management options .
IF AI prospers so will NVDA. And since the boost of interest in AI is due to several converging factors it probably will continue for a few years. For one, auto automation is still a fledgling. It will fly later.