Nvidia's second-quarter revenue meets Wall Street's expectations

SAN FRANCISCO Thu Aug 7, 2014 4:31pm EDT

SAN FRANCISCO Aug 7 (Reuters) - Nvidia on Thursday posted fiscal second-quarter revenue in line with Wall Street's expectations, as the graphics chipmaker expanded its focus on cars and cloud computing.

The company reported second-quarter revenue of $1.10 billion, up 13 percent from the year-ago quarter. Analysts on average had expected second-quarter revenue of $1.10 billion, according to Thomson Reuters I/B/E/S.

Nvidia's net income in the quarter ended July 27 was $128 million, or 22 cents a share, compared to $96 million, or 16 cents a share, in the year-ago quarter. Non-GAAP earnings per share were 30 cents. (Reporting by Noel Randewich; Editing by Paul Simao)