Nvidia Corp. (NVDA) reported net income for the first quarter of $77.9 million or $0.13 per share, compared to $60.4 million or $0.10 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $113.8 million or $0.18 per share, compared to $97.5 million or $0.16 per share in the prior year quarter.
Revenue for the first quarter rose 3.2% to $954.74 million from $924.88 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to earn $0.10 per share on revenue of $940.54 million for the first quarter.
Looking forward, the company forecasts second quarter revenue of $975 million, plus or minus 2%. Analysts currently expect the company to post revenue of $1.01 billion for the second quarter.
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