Investing.com - Chipmaker Nvidia reported mixed quarterly results Thursday, but that was enough for investors who were clearly expecting the worst after the company warned on its results in January.
Nvidia (NASDAQ:NVDA) shares jumped 8% in after-hours trading.
The company reported an adjusted fiscal fourth-quarter profit of 80 cents per share, topping expectations for 71 cents per share compiled by Investing.com. Revenue of $2.21 billion was shy of forecasts of $2.3 billion.
The company said it expects first-quarter revenue of $2.20 billion, plus or minus 2%. Analysts on average were expecting revenue of $2.28 billion, according to Refinitiv.
The company has entered into newer growth areas such as data centers, artificial intelligence and self-driving cars as it looks beyond its bread-and-butter business of selling chips that enhance video game graphics.
Nvidia has grown at a rapid pace in the past few years, but a slowdown in China and a fading cyrptocurrency craze have started to weigh on its operations.
-- Reuters contributed to this report.