Why Nvidia (NVDA) Stock Is Gaining in After-Hours Trading Today

NEW YORK (TheStreet) -- Nvidia (NVDA) was gaining 4.3% to $18.21 after-hours Thursday after beating analysts' estimates for earnings in the second quarter.

The graphics card maker reported earnings of 22 cents a share, beating the Capital IQ Consensus Estimate of 20 cents a share by 2 cents. Revenue grew 12.6% year-over-year to $1.1 billion for the quarter, in line with analysts' estimates.

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TheStreet Ratings team rates NVIDIA CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate NVIDIA CORP (NVDA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

NVDA ChartNVDA data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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