Chip designer and computing major NVIDIA Corporation (NVDA) reported higher-than-expected revenues in the third quarter on the back of solid demand in its data center business. Its revenue was 1.9% above analyst estimates.
The company’s EPS was 17.6% below the consensus estimate. Its gross margin fell 11.6 percentage points to 53.6%. Data center revenue grew 31% year-over-year, while gaming revenue declined 51% from the prior-year period.
