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NVIDIA Corporation Q1 adjusted earnings Beat Estimates

NVIDIA Corporation (NVDA) released earnings for first quarter that dropped from the same period last year.

The company's profit totaled $394 million, or $0.64 per share. This compares with $1244 million, or $1.98 per share, in last year's first quarter.

Excluding items, NVIDIA Corporation reported adjusted earnings of $543 million or $0.88 per share for the period.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 30.8% to $2.22 billion from $3.21 billion last year.

NVIDIA Corporation earnings at a glance:

-Earnings (Q1): $543 Mln. vs. $1285 Mln. last year.
-EPS (Q1): $0.88 vs. $2.05 last year.
-Analysts Estimate: $0.79
-Revenue (Q1): $2.22 Bln vs. $3.21 Bln last year.

Next quarter revenue guidance: $2.55 Bln

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