Nvidia Q1 strong; earnings report slips out early

Summary:Nvidia's first quarter was a solid one, but the company had to release it early since a draft was leaked to 100 people internally.

Nvidia reported its first quarter results early after a draft of the report was emailed to 100 people internally.

The company said it expects to report first quarter earnings of $136.5 million, or 24 cents a share, on revenue of $1.1 billion, up 16 percent from a year ago. Non-GAAP earnings for the quarter were 29 cents a share.

Wall Street was expecting earnings of 22 cents a share on revenue of $1.05 billion.

Nvidia didn't offer any other indicators about the quarter and said it will hold a conference call on Thursday when it was originally scheduled to report.

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Topics: Processors, Hardware

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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