Nvidia forecasts second-quarter revenue above estimates

(Reuters) - Nvidia Corp reported a better-than-expected quarterly profit and forecast second-quarter revenue above analysts' estimates on strong demand for its gaming chips and higher sales to data centres, sending its shares up more than 4%.

The company forecast revenue of $2.55 billion, plus or minus 2%, for the quarter, above analysts' expectations of $2.53 billion, according to IBES data from Refinitiv.

Nvidia's net income fell to $394 million, or 64 cents per share, in the first quarter ended April 28 from $1.24 billion, or $1.98 per share, a year earlier.