NVIDIA Posts Record Revenue

NVIDIA Corporation NVDA announced third quarter 2014 financial results afters hours on Thursday.

The company reported EPS of $0.39 on record revenue of $1.23 billion, beating EPS estimates by 34 percent.

Moreover, the company experienced record revenue of $3.43 billion in first three quarters.

For the fourth quarter, the company sees revenues in line with the previous estimates.

NVIDIA intends to return approximately $600 million to shareholders in fiscal 2016 through ongoing quarterly cash dividends and share repurchases.

Shares of NVIDIA were trading up 3.3 percent Friday morning.

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