top of page
  • Ballestas Group

Earnings Season Wrap-Up: S&P 500 Shines with Surprising Growth, NVIDIA Leads the Charge with Record-Breaking Results

The corporate earnings season is coming to an end with 96% of the companies in the S&P 500 index having already reported their results, it can be concluded that it has been mostly positive. Sales increased by 4.09% and profits by 7.71%, exceeding expectations of 3.20%. However, there is a wide dispersion in profit growth, with some industries showing declines and others registering significant growth.

There was much anticipation with NVIDIA's report, which presented outstanding quarterly results, beating analysts' estimates. Revenues reached a record $26.044 billion, up 18% sequentially and 262% year-over-year, beating expectations by 5.47%. The data center business generated revenues of $22.6 billion, a 427% year-over-year increase. Earnings per share were $6.12, an increase of 461% year-on-year. Shares rose 9.32%, surpassing $1,000 for the first time. In addition, the company announced a 10-to-1 stock split and a 150% increase in its dividend.

1 view0 comments

Recent Posts

See All


bottom of page