NVIDIA Corporation Q3 adjusted earnings Beat Estimates

(RTTNews) - NVIDIA Corporation (NVDA) announced earnings for its third quarter that rose from last year.

The company's profit came in at $2.46 billion, or $0.97 per share. This compares with $1.34 billion, or $0.53 per share, in last year's third quarter.

Excluding items, NVIDIA Corporation reported adjusted earnings of $2.97 billion or $1.17 per share for the period.

Analysts had expected the company to earn $1.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 50.1% to $7.10 billion from $4.73 billion last year.

NVIDIA Corporation earnings at a glance:

-Earnings (Q3): $2.97 Bln. vs. $1.83 Bln. last year. -EPS (Q3): $1.17 vs. $0.73 last year. -Analysts Estimate: $1.11 -Revenue (Q3): $7.10 Bln vs. $4.73 Bln last year.

-Guidance: Next quarter revenue guidance: $7.40 Bln