4 important takeaways from Nvidia's earnings
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Nvidia boosted cash returns to investors
Lastly, Nvidia’s board approved an increase to its quarterly dividend from $0.01 per share to $0.25 per share as well as an $80 billion share buyback plan.
As Yahoo Finance’s Brian Sozzi reported previously, investors were looking for a boost to Nvidia’s cash returns, which brings the company more in line with its Big Tech peers and could attract new investors to the stock.
“They're going to probably be able to return a lot more of that back to shareholders, especially as they are potentially doing less in terms of investments in maybe other companies out there,” CFRA Research senior vice president Angelo Zino told Yahoo Finance. “I think that continues to be a big part of the story for Nvidia as we look ahead and the growth rates start to slow down for this company, as it will inevitably do, right, so … we think this continues to be a fairly enticing opportunity for Nvidia, for investors out there.”
This article has been published in yahoo.com via Yahoo News.
4 important takeaways from Nvidia's earnings
In addition to the earnings release, Nvidia's CFO Colette Kress shared commentary that revealed four key developments in its business, beyond the company's first quarter earnings-per-share beat.
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