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Nvidia forecasts revenue for other quarters over estimates



(Reuters) – Nvidia Corp reported a better-than-expected quarterly profit and forecast quarterly earnings over analysts' strong demand for game play and higher data center sales, and sent the stock up more than 4%.

The company estimates sales of $ 2.55 billion, plus or minus 2% in the quarter, above analysts' expectations of $ 2.53 billion, according to IBIN data from Refinitiv.

Nvidia's net income fell to $ 394 million or 64 cents per share in the first quarter ended April 28 from $ 1.24 billion, or $ 1.98 per share the previous year.

Nvidia achieved 88 cents per share, while analysts had expected a profit of 81 cents per share. Total income fell to $ 2.22 billion, but was still above analysts' estimates of $ 2.20 billion.

(Reporting Sayanti Chakraborty in Bengaluru, Editing Anil D & # 39; Silva)


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