While everyone was looking at Twitter's IPO soar and Groupon shares plummet, Nvidia quietly published its third-quarter earnings report after the closing bell on Thursday.
The GPU maker reported a net income of $118.7 million, or 20 cents per share (statement). Non-GAAP earnings were 26 cents per share on revenue of $1.054 billion, down 12.5 percent year over year. EPS was down by a whopping 39.4 percent from the same quarter last year.
Nevertheless, Nvidia still beat estimates given that Wall Street was looking for earnings of at least 20 cents per share on revenue … Read more