CORRECTED - UPDATE 1-Nvidia's Q3 beats Street, shares climb

(Corrects second paragraph to read "earnings excluding items" instead of "net income")

* Q3 EPS ex-items 19 cents vs Street view 10 cents

* Q3 revenue $903.2 mln vs Street view $838.1 mln

* Shares up nearly 6 pct in after-hours trade

SAN FRANCISCO, Nov 5 (Reuters) - Graphics chipmaker Nvidia Corp (NVDA.O) posted higher than expected earnings on the back of increased consumer spending, sending its shares up nearly 6 percent.

The company, which competes with Advanced Micro Devices' (AMD.N) ATI unit to sell graphics hardware for computers, reported on Thursday earnings excluding items 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.

That exceeded the average analysts' estimate of 10 cents a share, according to Thomson Reuters I/B/E/S.

Revenue rose to $903.2 million, versus Wall Street's average forecast of $838.1 million.

Nvidia 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.

Shares of Nvidia rose to $12.99 in extended trading from their $12.27 close. (Reporting by Ian Sherr; Editing by Tim Dobbyn and Carol Bishopric)