NVIDIA Corporation Q1 Profit Decreases, but beats estimates

NVIDIA Corporation (NVDA) announced earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $1.62 billion, or $0.64 per share. This compares with $1.91 billion, or $0.76 per share, in last year's first quarter.

Excluding items, NVIDIA Corporation reported adjusted earnings of $3.44 billion or $1.36 per share for the period.

Analysts on average had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 46.5% to $8.29 billion from $5.66 billion last year.

NVIDIA Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $1.62 Bln. vs. $1.91 Bln. last year.
-EPS (Q1): $0.64 vs. $0.76 last year.
-Analyst Estimates: $1.29
-Revenue (Q1): $8.29 Bln vs. $5.66 Bln last year.

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