NVIDIA Corporation (NVDA) Earnings: GPUs and Data Center Growth Drive Strong Guidance

NVIDIA Corporation (NVDA) Earnings: GPUs and Data Center Growth Drive Strong Guidance

NVIDIA Corporation (NASDAQ:NVDA) announced blockbuster second quarter fiscal 2017 earnings along with 3QFY17 guidance after Thursday’s closing bell. The company’s shares are up more than 3% during pre-market hours.The company recorded earnings per share (EPS) of $0.53, 11.11% more than the Street’s forecast of $0.47. Earnings were largely driven by robust Pascal and Quadro sales. Revenue for the period clocked in at $1.42 billion, surpassing analysts’ expectation of $1.35 billion. The company’s projects third quarter revenue to come in at $1.68 billion and gross margins to be in the 57.8%-58% range. The guidance is backed by strong growth in the data center segment and graphical processing units (GPUs). Gaming Segment—NVIDIA Has the Joystick The company is leading in terms of graphical processing units GPUs development. GPUs have become the vanguard…


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