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In the first quarter of fiscal year 2023, NVIDIA was able to significantly increase profits. Earnings per share rose to $1.36 from $0.915, beating analysts’ expectations. Analysts had previously forecast an EPS of $1.30 per share for NVIDIA.
The chip company was also able to improve on the sales side: Revenues rose from 5.66 billion US dollars to 8.29 billion US dollars. That was more than analysts had expected ($8.12 billion).
NVIDIA shares are still lower in after-hours trading on the NASDAQ, losing 7.73 percent in places to $156.63.
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