Nvidia Corp. (NVDA), a maker of graphics processors, reported fiscal first-quarter sales and earnings that topped analysts’ estimates as demand for high-end gaming machines helped make up for a broader personal-computer slump.
In the first quarter, which ended April 28, net income rose to $77.9 million, or 13 cents a share, from $60.4 million, or 10 cents, a year earlier, Nvidia said yesterday in a statement. Sales increased 3.2 percent to $954.7 million. Analysts on average had estimated earnings of 10 cents on sales of $940.7 million, according to data compiled by Bloomberg.
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