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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • NVIDIA Earnings Jump 75% 0 comments
    May 7, 2014 7:41 AM | about stocks: NVDA

    Originally published at www.seclive.com

    NVIDIA Corporation (NASDAQ:NVDA) announced its financial results for the first quarter of fiscal year 2014, reporting earnings that jumped 75% from the year-ago quarter. The computer graphics card producer reported a 16% increase in revenue to $1.1B, exceeding its expectations range between $1.03B and $1.07B. NVIDIA's gross margin improved from 54.3% to 54.8% while earnings rose from $77.2M and $0.13 per share a year ago to $136.5M and $0.24 per share. Adjusted earnings increased from $0.18 to $0.29 per share. NVIDIA actually released the results a day early after accidentally emailing an internal version of the results to 100 people and will post its complete results on Thursday, its originally-intended release date.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: NVDA
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