Nvidia: Fiscal Q2 Earnings Snapshot
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Nvidia Corp. (NVDA) on Wednesday reported fiscal second-quarter profit of $6.19 billion.
On a per-share basis, the Santa Clara, California-based company said it had net income of $2.48. Earnings, adjusted for one-time gains and costs, came to $2.70 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The maker of graphics chips for gaming and artificial intelligence posted revenue of $13.51 billion in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $11.17 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