Chipmaker Nvidia beat analysts expectations on earnings. The company’s adjusted earnings came in at $3.10 per share, compared to $2.81 per share expected by analysts polled by Refinitiv.
Revenue of $5.00 billion also exceeded the $4.82 billion predicted by analysts.
Nvidia said that it planned to sell cryptocurrency-focused cards to industrial miners starting in March. However, CEO Jensen Huang said during the earnings call that he did not expect that to be a large part of the company’s business.
The company expects $5.3 billion in revenue for the current quarter, above investor expectations of $4.51 billion.