NVIDIA Corporation (NASDAQ: NVDA) is set to release earnings results for its fourth quarter, after the closing bell on Feb. 21, 2024.
Analysts expect the company to report quarterly earnings at $4.64 per share, up sharply from year-ago earnings of 88 cents per share. The company is projected to post revenue of $20.62 billion for the latest quarter, compared to $6.05 billion in the year-earlier quarter, according to data from Benzinga Pro.
On Tuesday, Nvidia’s stock experienced a sharp decline of up to 6.7%, just a day before the company’s highly anticipated earnings report. This dip could be attributed to profit-taking ahead of the earnings release, according to the host of CNBC’s “Mad Money, Jim Cramer. Despite this, the drop is seen as a potential entry point for investors who have not yet invested in Nvidia.
With the recent buzz around Nvidia, some investors may …
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