Nvidia's quarterly revenue, outlook beat Street

Reuters News
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Posted: May 11, 2012 9:59 AM

(Reuters) - Nvidia Corp posted first-quarter revenue of $924.9 billion on Friday that was better than Wall Street estimates and said revenue would rise faster than expected in the current quarter.

The chipmaker estimated second-quarter revenue between $990 million and $1.05 billion. Analysts on average had expected first-quarter revenue of $916 million and second-quarter revenue of $978 million, according to Thomson Reuters I/B/E/S. First quarter net income was $60.4 million, or 10 cents a share.

(Reporting By Sinead Carew and Noel Randewich; Editing by Gerald E. McCormick)