Nvidia Corp. said its normalized net income for the fiscal first quarter ended April 27 came to 16 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.
EPS increased 80.2% year over year from 9 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $91.2 million, a gain of 66.0% from $55.0 million in the year-earlier period.
The normalized profit margin increased to 8.3% from 5.8% in the year-earlier period.
Total revenue increased 15.5% year over year to $1.10 billion from $954.7 million, and total operating expenses climbed 9.1% from the prior-year period to $951.4 million from $872.0 million.
Reported net income rose 70.0% from the prior-year period to $136.9 million, or 24 cents per share, from $80.5 million, or 13 cents per share.
