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Graphics chipmaker Nvidia on Thursday reported net income of $110.3 million, or 19 cents a share, in its third quarter, compared with $111.4 million, or 20 cents a share, a year earlier.
The results for the company, which competes with Advanced Micro Devices' [AMD
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] ATI unit to sell graphics hardware for computers, exceeded the average analysts' estimate of 10 cents a share, according to Thomson Reuters.
Revenue rose to $903.2 million, versus Wall Street's average forecast of $838.1 million.
Nvidia [NVDA
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] had been expected to offer the latest sign from the semiconductor industry that demand for electronics is beginning to recover, particularly spending on personal computers.
It has benefited from the consumer market, as its core business of selling graphics cards and chipsets augment its fledgling server and mobile businesses.
Nvidia shares leaped about 6 percent in extended trading Thursday.
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Data is a real-time snapshot *Data is delayed at least 15 minutes