NVIDIA Corp. Earnings: A Home Run in the Data Center

Image source: NVIDIA. Thursday evening, NVIDIA (NASDAQ:NVDA) reported results for the third quarter of fiscal year 2017. The graphics and mobile computing specialist’s efforts in data-center computing are paying off and NVIDIA crushed its own guidance targets. In after-market trading, NVIDIA shares jumped more than 15% higher as of 5:35 p.m. ET. NVIDIA’s third-quarter results: The raw numbers Metric Q3 2017 Actuals Q3 2016 Actuals Growth (Year over year) Revenue $2.0 billion $1.3 billion 54% Net income $542 million $246 million 120% GAAP EPS (diluted) $0.83 $0.44 89% Data source: NVIDIA. What happened with NVIDIA this quarter? No ifs and buts about it — NVIDIA’s third quarter was a huge success. Three months ago, management sketched out third-quarter revenue guidance of $1.68 billion. Running through the math on the company’s…

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