SAN FRANCISCO --
grew its bottom line 33% in the first quarter, but fell short of Wall Street estimates.
The Santa Clara, Calif., maker of graphics chips earned $176.8 million, or 30 cents a share, vs. $132.3 million, or 22 cents a share at this time last year.
Excluding stock option compensation costs, Nvidia said it earned 36 cents a share -- two cents shy of the average analyst expectation of 38 cents.
Nvidia reported revenue of $1.15 billion in the three months ended April 27, in line with analyst expectations. At this time last year, Nvidia had sales of $844 million.
Shares of Nvidia were recently off $1.70, or 7.7%, to $20.25.
The company did not provide financial guidance for the current quarter, but is scheduled to hold a conference call with analysts later Thursday.