Nvidia delivers strong fourth-quarter results in wake of Arm deal collapse - SiliconANGLE

Computer graphics chipmaker Nvidia Corp. reported strong fourth-quarter results today, beating expectations one week after its bid to acquire rival Arm Ltd. for $66 billion fell through. The company reported net income of $3 billion, or $1.18 a share, with earnings before certain costs such as stock compensation of $1.32 per share. Revenue for the quarter jumped 54% from a year ago, to $7.64 billion. That was better than expected, with analysts looking for earnings of just $1.23 per share on revenue of $7.42 billion. Nvidia founder and Chief Executive Jensen Huang (pictured) said the company was seeing "exceptional demand" for its computing platforms.