NVIDIA Screams Higher on Q2 Earnings Beat

Shares of NVIDIA NVDA are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 14.54%, trading at $15.36; they ended the regular session higher by 8.67%, at $13.41. NVIDIA reported Q2 EPS of $0.25 on revenues of $1.02 billion; the Street was looking for $0.25 per share on revenues of $1 billion. Revenues increased 5.7% year over year. The company sees Q3 revenues in the range of +4-6% quarter over quarter, or roughly $1.057-1.077 billion; the Street was looking for $1.05 billion. "We grew solidly this quarter," said Jen-Hsun Huang, NVIDIA president and chief executive officer. "Consumer demand for notebooks powered by our GeForce GPU, with its unique Optimus technology, resulted in record revenue for these products. "The future of computing is mobile and visual. With Tegra's momentum and our growing GPU businesses, we are ideally positioned to lead the industry forward," he said. NVIDIA Corporation is a provider of visual computing technologies and the inventor of the graphics processing unit. Visual computing is available on devices ranging from tablets and smart phones to notebooks and workstations.