Investing.com – NVIDIA Corporation (NASDAQ:) reported on Thursday that beat analysts’ expectations, though guidance fell short of Wall Street estimates.
The chipmaker said it expected third-quarter revenues in the range of $2.842 billion to $2.958 billion, below estimates from S&P Capital IQ Consensus of $2.98 billion, with margins expected to be in the range of 62% to 63%.
The firm reported earnings per share of $1.24 on revenue of $2.58 billion. Analysts polled by Investing.com anticipated earnings per share of $1.14 on revenue of $2.55 billion. That compared to earnings per share of $1.76 on revenue of $3.12 billion in the same period a year earlier. The company had reported earnings per share of $0.88 on revenue of $2.22 billion in the previous quarter.
NVIDIA (NASDAQ:) shares gained 5.85% to trade at $157.47 in after-hours trade following the report.
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