Nvidia posted its financial results for the first quarter of its 2015 fiscal year this week announcing that it has seen a $1.103 billion in total revenue for the quarter ending April 27, 2014. The revenue comes on the back of strong GPU sales in China, Europe and the United States. While revenues are up over the previous year, there was a decline quarter to quarter which saw revenues of $1.144 billion.
Nvidia Corp. NVDA +1.23% on Thursday said it expects strong results for the current quarter, two days after the chip maker reported improved first-quarter results. The company released an abridged earnings report Tuesday after a draft was accidentally emailed to about 100 people on an internal distribution list. The company projected adjusted earnings of 29 cents a share and revenue of $1.1 billion for the current quarter. Wall Street analysts were expecting 19 cents a share and $1.08 billion, respectively. Following the early release Tuesday, analysts at Susquehanna maintained their neutral rating on the stock, citing slowed momentum entering the July quarter.
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