Nvidia beats Wall Street’s Q3 expectations with strong graphics chip sales

Nvidia released third-fiscal quarter earnings today that beat Wall Street’s expectations. The world’s biggest standalone graphics chip maker reported that its revenue and earnings both exceeded expectations.

The non-GAAP earnings were 46 cents per diluted share on revenues of $1.3 billion for the third-fiscal quarter ended October 25, versus previous consensus estimates of 25 cents per share on revenues of $1.18 billion. Q3 earnings were up 18 percent year over year, while revenues were up 7 percent.