The investment company Nvidia presented its earnings report for the fourth quarter after the closing of trading in the middle of the day, showing results that exceeded the expectations of analysts.
The company reported that its net income increased by 61% compared to last year, reaching a mark of 5 billion dollars. The company's revenue also increased and amounted to 4.8 billion dollars. Against the backdrop of such results, market analysts raised their forecasts for Nvidia's stock.
"We are pleased to share that Nvidia's revenue and profitability in the fourth quarter exceeded market expectations. Our success continues to strengthen our positions," stated the company president.
Revenue from the sale of Nvidia's graphics processors amounted to 3 billion dollars, while revenue from data processing centers and professional visualization increased to 2.8 billion dollars.
The company also announced plans to launch a new stock buyback program totaling 10 billion dollars, which elicited a positive reaction from investors.
