NVIDIA Corporation Q1 adjusted earnings Beat Estimates

(RTTNews) - NVIDIA Corporation (NVDA) released earnings for its first quarter that advanced from last year.

The company's profit totaled $1244 million, or $1.98 per share. This compares with $507 million, or $0.79 per share, in last year's first quarter.

Excluding items, NVIDIA Corporation reported adjusted earnings of $1285 million or $2.05 per share for the period.

Analysts had expected the company to earn $1.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 65.5% to $3.21 billion from $1.94 billion last year.

NVIDIA Corporation earnings at a glance:

-Earnings (Q1): $1285 Mln. vs. $533 Mln. last year. -EPS (Q1): $2.05 vs. $0.85 last year. -Analysts Estimate: $1.45 -Revenue (Q1): $3.21 Bln vs. $1.94 Bln last year.