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Shares of chip-making behemoth Nvidia Corp. (NVDA - Get Report) were rising after the company reported fourth-quarter earnings that beat estimates. 

The stock was rising 8.45% to $167.59 a share in postmarket trading, after having risen 1.08% in regular hours. 

Please join TheStreet's Eric Jhonsa for a live blog on the earnings report here

Adjusted earnings-per-share came in at 80 cents, beating Wall Street's estimates of 78 cents. GAAP EPS was 92 cents, beating expectations of 51 cents. Revenue was $2.21 billion, slightly less than analysts' estimates of $2.2 billion. The company had guided revenue expectations down significantly in late January to $2.2 billion from $2.7 billion. 

"This was a turbulent close to what had been a great year," said Jensen Huang, founder and CEO of Nvidia. "The combination of post-crypto excess channel inventory and recent deteriorating end-market conditions drove a disappointing quarter," he added.

Huang reiterated Nvidia's leadership position in many of its markets. "Despite this setback, Nvidia's fundamental position and the markets we serve are strong," he said. "The accelerated computing platform we pioneered is central to some of world's most important and fastest growing industries -- from artificial intelligence to autonomous vehicles to robotics."

Revenue guidance for Nvidia's first quarter of 2020 was for $2.2 billion "plus or minus 2 percent," the company said. The $2.2 billion missed analyst's hopes for $2.32 billion. 

The stock is up more than 13% year-to-date following a rough fall and early winter that saw its stock tumble.