Nvidia’s Earnings: What We Learned

Nvidia reported solid fiscal first-quarter earnings late Wednesday but provided a revenue forecast for the July quarter that was below expectations.

Here's what we learned from the highly-anticipated report:

Solid earnings. For its April quarter, the chip maker reported adjusted earnings per share of 81 cents, compared to Wall Street’s consensus estimate of 73 cents, according to FactSet. Nvidia said adjusted EPS would have been 96 cents excluding a $4.5 billion charge in the first quarter associated with excess inventory of its H20 chip designed for the Chinese market. Revenue for the fiscal first quarter was $44.1 billion, ahead of analysts' expectations for $43.3 billion.