Nvidia's quarterly revenue, outlook beat Street Fri May 11, 2012 8:07am EDT (Reuters) - Nvidia Corp's quarterly revenue and outlook beat Wall Street estimates and sent its shares up almost 9 percent in early trade after the news. The chipmaker on Friday estimated second-quarter revenue between $990 million and $1.05 billion, compared with analyst expectations for $976.2 million, according to Thomson Reuters I/B/E/S. First-quarter revenue fell to $924.9 from $962 million in the year-ago quarter but was better than Wall Street expectations for about $916 million. First-quarter net income was $60.4 million, or 10 cents a share, compared with $135.2 million, or 22 cents per share in the year-earlier quarter but was in line with expectations. Nvidia shares rose to $13.50 in early trade after closing at $12.42 on Nasdaq the night before. Reporting By Sinead Carew and Noel Randewich; Editing by Gerald E. McCormick