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Nvidia Earned Record Income in the 4th Quarter of 2019

Nvidia Earned Record Income in the 4th Quarter of 2019

Published by InvestorGreg Editorial Team

February 14th, 2020

Nvidia reported the results of the 4th quarter of 2019. The company announced “record” revenue from selling data processing centers.

The Company’s shares rose by 6% in the price after closing the trading session.

Nvidia announced earnings per share in the amount of $1.89 with revenue of $3.11 billion.

Such data can be compared with earnings per share of $0.92 with revenue of $2.21 billion for the same period a year earlier.

Sales of data processing centers rose to the record level due to an increase in demand. The introduction of Nvidia accelerated computing led to excellent results and record revenue from data processing centers.

Nvidia shares rose by 15% in price since the beginning of the year but still fell down by 0.99% compared with the 52-week high of $273.48, which was established on February 13. Its shares go ahead of the S&P 500 index that rose by 4% last year.

Nvidia shares can be bought through brokers. Earlier, we made a rating of stock brokers on our website.

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