Nvidia stock pops 4% after earnings beat forecasts, announcing stock split and dividend hike

) reported first quarter earnings after the bell on Wednesday that topped expectations while also announcing a 10-for-1 stock split and an increased dividend, following some of its Big Tech peers in doling out heftier quarterly payments to shareholders.

The company saw adjusted earnings per share for the quarter of $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago. Analysts were expecting Adj. EPS of $5.65 on revenue of $24.69 billion, according to data from Bloomberg. The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last year.

In the current quarter, Nvidia expects revenue of $28 billion plus or minus 2% in the coming quarter. That’s better analysts had expected.This is breaking news, more to come...Ethereum prices are jumping on the possibility that the Securities and Exchange Commission could approve offerings for an ether ETF. This sort of action in the crypto market is reminiscent of what investors saw in the lead-up to the SEC's decision on spot bitcoin ETFs seen at the start of 2024.

Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cutAUSTIN, Texas — The families of 19 of the victims in the Uvalde elementary school shooting in Texas on Wednesday announced a $500 million federal lawsuit against nearly 100 state police officers who were part of the botched law enforcement response to one of the deadliest school shootings in U.S. history.

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Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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