NVIDIA Corporation Q2 Profit Increases, beats estimates

(RTTNews) - NVIDIA Corporation (NVDA) announced a profit for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $6.19 billion, or $2.48 per share. This compares with $0.66 billion, or $0.26 per share, in last year's second quarter.

Excluding items, NVIDIA Corporation reported adjusted earnings of $6.74 billion or $2.70 per share for the period.

Analysts on average had expected the company to earn $2.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 101.6% to $13.51 billion from $6.70 billion last year.

NVIDIA Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $6.19 Bln. vs. $0.66 Bln. last year. -EPS (Q2): $2.48 vs. $0.26 last year. -Analyst Estimate: $2.09 -Revenue (Q2): $13.51 Bln vs. $6.70 Bln last year.