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 $0.32 came in well ahead of the $0.25 consensus estimate. GAAP EPS of $0.25 improved markedly from -$0.25 in the year-ago quarter. Revenue of $1.02 billion grew 25% year over year and 6% quarter over quarter. Management said it expects revenue for the current quarter to grow 4%-6% sequentially, with gross margins holding flat.
Now what: The company credited consumer notebook demand for the strong quarter and one analyst said NVIDIA is taking graphic processor market share from Advanced Micro Devices
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