Nvidia Corp.’s profit fell 68% in the latest period, but the decline wasn’t as steep as Wall Street had expected, and the company said its gaming graphics business returned to growth. The Santa Clara, Calif., chipmaker’s reported fiscal first-quarter net profit of $394 million, or 64 cents a share. Excluding one-time expenses, the company reported adjusted earnings of 88 cents a share. Analysts were expecting earnings of 81 cents a share on an adjusted basis.

Source: Wall Street Journal May 16, 2019 21:15 UTC