SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Nvidia Corp. (NVDA) on Wednesday reported fiscal first-quarter profit of $58.32 billion.
The Santa Clara, California-based company said it had profit of $2.39 per share. Earnings, adjusted for non-recurring gains, came to $1.87 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The maker of graphics chips for gaming and artificial intelligence posted revenue of $81.61 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $78.75 billion.
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