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What: Shares of graphics specialist NVIDIA
So what: Revenue in the quarter came out to $924.9 million, with adjusted net income of $97.5 million, or $0.16 per share. The Street would have settled for just $916.2 million in sales and a dime per share in profits, letting NVIDIA register an earnings beat. CEO Jen-Hsun Huang said the company's new Kepler GPUs are boosting business and Tegra growth is on track.
Now what: Guidance for next quarter calls for sales between $990 million and $1.05 billion, topping analyst forecasts of $976 million. NVIDIA pointed out that the first Ultrabook carrying one of its GPUs was launched in March, while the first quad-core Tegra 3 also saw a debut in February. Huang is also excited by the upcoming launch of Microsoft Windows 8 on ARM, as it hopes its Tegra chips will gain additional traction there.
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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Microsoft. Motley Fool newsletter services have recommended buying shares of Microsoft and NVIDIA. Motley Fool newsletter services have also recommended writing puts on NVIDIA and creating a bull call spread position in Microsoft. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.