
NVIDIA Corp (NASDAQ:NVDA) on Wednesday announced better-than-expected fourth-quarter results and issued strong guidance. Still, the stock is trading lower by 7% Thursday morning.
What Happened: Nvidia said quarterly revenue increased 53% year-over-year to $7.64 billion, which beat the $7.42 billion estimate. The company reported adjusted earnings of $1.32 per share, which beat the estimate of $1.22 per share.