Nvidia Corp. (NVDA) on Wednesday reported a 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 nonrecurring 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 Wall Street forecasts. Ten analysts surveyed by Zacks expected $78.75 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVDA at https://www.zacks.com/ap/NVDA
