NVIDIA Corporation Q3 adjusted earnings Beat Estimates

(RTTNews) - NVIDIA Corporation (NVDA) announced earnings for third quarter that decreased from the same period last year.

The company's profit totaled $899 million, or $1.45 per share. This compares with $1230 million, or $1.97 per share, in last year's third quarter.

Excluding items, NVIDIA Corporation reported adjusted earnings of $1.10 billion or $1.78 per share for the period.

Analysts had expected the company to earn $1.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $3.01 billion from $3.18 billion last year.

NVIDIA Corporation earnings at a glance:

-Earnings (Q3): $1.10 Bln. vs. $1.15 Bln. last year. -EPS (Q3): $1.78 vs. $1.84 last year. -Analysts Estimate: $1.57 -Revenue (Q3): $3.01 Bln vs. $3.18 Bln last year.

-Guidance: Next quarter revenue guidance: $2.95 Bln