NEW YORK (
) -- Investors pushed up shares of
(NVDA - Get Report)
more than 5% in extended trading on Thursday following the chip maker's strong second-quarter results.
Nvidia reported revenue of $1.04 billion, up from $1.02 billion in the same period last year and above analysts' estimate of $1.01 billion. Excluding items, the Santa Clara, Calif.-based company reported earnings of 27 cents a share, down from 32 cents. Analysts surveyed by
were looking for 14 cents.
The results were driven by mobile computing, particularly the booming tablet market, according to Nvidia CEO Jen-Hsun Huang. "Our investments in mobile computing and visual computing are both paying off," he said in a statement released before the market open. "Tegra has achieved record sales as tablets come into their own."
(INTC - Get Report)
(QCOM - Get Report)
rival offered healthy guidance, predicting third-quarter revenue between $1.15 billion and $1.25 billion. Analysts surveyed by
were looking for sales of $1.09 billion.
Nvidia expects its GAAP and non-GAAP margins to be flat compared to the second quarter, at 51.8% and 52%, respectively.
Shares of Nvidia rose 5.2% to $15.47 after the market close.
--Written by James Rogers in New York.
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