(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%.
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)