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SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Nvidia Corp. (NVDA) on Wednesday reported fiscal fourth-quarter net income of $12.29 billion.
The Santa Clara, California-based company said it had profit of $4.93 per share. Earnings, adjusted for one-time gains and costs, were $5.16 per share.
The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $4.55 per share.
The maker of graphics chips for gaming and artificial intelligence posted revenue of $22.1 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $20.31 billion.
For the year, the company reported profit of $29.76 billion, or $11.93 per share. Revenue was reported as $60.92 billion.
For the current quarter ending in April, Nvidia said it expects revenue in the range of $24 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVDA at https://www.zacks.com/ap/NVDA