Nvidia reports lower profit but beats estimate

MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) -- Nvidia Corp. late Wednesday reported its fourth-quarter earnings fell to $147 million, or 25 cents a share, from $174 million, or 28 cents a share, a year ago. Revenue edged up to $1.14 billion from $1.11 billion. On an adjusted basis, Nvidia would have earned 32 cents a share, down from 35 cents a share a year earlier. Analysts surveyed by FactSet had forecast the chip maker to report earnings of 18 cents a share. In the first quarter, Nvidia expects revenue of $1.05 billion, plus or minus 2%. Shares were up 2.6% after hours.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.