Nvidia beats Q2 expectations; credits gains to auto, gaming tech growth ZDNet
Following a recall of some of its Shield tablets last week, Nvidia published solid second quarter financial results after the bell on Thursday. Non-GAAP earnings were 34 cents per share on a revenue of $1.153 billion, up five percent year-over-year. Wall Street was looking for earnings of 10 cents per share with $1.01 billion in revenue. Nvidia highlighted revenue growth for two verticals in particular: gaming and automotive tech. The GeForce GTX GPU series alone -- primarily utilized for sports gaming titles -- is touted to now have an estimated 130 million viewers. The GeForce Experience PC gaming platform has also grown to 65 million users, up from 38 million a year earlier.
Jan-18-2017, 12:12:46 GMT
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