Nvidia Corp. reported fiscal first-quarter profit of $58.32 billion and earnings of $2.39 per share. Adjusted earnings for non-recurring gains were $1.87 per share. Reported results exceeded Wall Street expectations, where analysts projected $1.77 per share. Nvidia also posted revenue of $81.61 billion for the period. Revenue topped Street forecasts, with analysts expecting $78.75 billion. The company is a maker of graphics chips used for gaming and artificial intelligence.
"Nvidia Corp. (NVDA) on Wednesday reported fiscal first-quarter profit of $58.32 billion. The Santa Clara, California-based company said it had a 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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