SANTA CLARA (dpa-AFX) - NVIDIA Corporation (NVDA) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $19.309 billion, or $0.78 per share. This compares with $9.243 billion, or $0.37 per share, in last year's third quarter.
Excluding items, NVIDIA Corporation reported adjusted earnings of $20.010 billion or $0.81 per share for the period.
Analysts on average had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 93.6% to $35.082 billion from $18.120 billion last year.
NVIDIA Corporation earnings at a glance (GAAP) :
-Earnings (Q3): $19.309 Bln. vs. $9.243 Bln. last year. -EPS (Q3): $0.78 vs. $0.37 last year. -Revenue (Q3): $35.082 Bln vs. $18.120 Bln last year.
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