Shares Of Nvidia Rally After Better-than-expected Earnings

Nvidia Corp. shares rallied in Thursday's extended trade after the graphics chip maker turned in quarterly results that beat expectations. Nvidia said its second-quarter earnings fell to $26 million, or 5 cents a share, from $128 million, or 22 cents a share, a year ago. On an adjusted basis, the company earned 34 cents a share, ahead of 11 cents a share forecast by analysts in a FactSet survey. Revenue grew to $1.15 billion from $1.1 billion. The company projected third-quarter revenue of $1.18 billion, give or take 2%. Shares of Nvidia surged nearly 9% in after hours session.