![]() ![]() Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.17 a share, compared with 73 cents a share in the year-ago period. Nvidia reported third-quarter net income of $2.46 billion, or 97 cents a share, compared with $1.34 billion, or 53 cents a share, in the year-ago period. “They’re both important: It’s not like one child is better than the other, we adore both children,” Kress told MarketWatch. Kress told MarketWatch in an interview that while the data-center opportunity in front of the company is “quite large,” there are still opportunities in gaming. A little more than a year ago, sales of data-center chips surpassed gaming sales for the first time, but that soon switched back. ![]() ![]() Much in the way of the third-quarter results, Colette Kress, Nvidia’s chief financial officer, said on the call that the company expects data-center sales to grow faster sequentially than gaming in the fourth quarter. ![]() On the conference call, Nvidia Chief Executive Jensen Huang said half of those sales were to cloud and cloud-service providers, with the other half coming from businesses spanning various industries. On the data-center side, sales rose increased 55% to a record $2.94 billion up from a previous high mark of $2.37 billion from the year-ago period, while analysts expected sales of $2.75 billion. In the third quarter, gaming sales rose 42% to a record $3.22 billion, surpassing last quarter’s previous high mark of $3.05 billion, while analysts surveyed by FactSet had expected Nvidia gaming sales of $3.13 billion. ![]()
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