Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Non-GAAP EPS of $0.27 grew 17% year over year and slaughtered the consensus estimate of $0.19 on better than expected revenue. The company's core graphics processor business grew revenue less than 4% despite market share gains in notebooks and a cross licensing payment from Intel
Now what: Sales of the company's Tegra processor for mobile devices were robust, but one analyst downgraded the stock to hold from buy, citing concerns about competition from Texas Instruments
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.