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Courtesy of Benzinga.
Nvidia Corp (NASDAQ: NVDA) posted better-than-expected first-quarter revenue.
Nvidia posted its Q1 net income at $60.4 million, or $0.10 per share. It posted its quarterly revenue at $924.9 billion, versus analysts’ estimates of $916 million.
Nvidia projects second-quarter revenue between $990 million and $1.05 billion. However, analysts were expecting revenue of $978 million.
Nvidia shares jumped 7.89% to $13.40 in pre-market trading.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.
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