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Nvidia's third-quarter revenue outlook exceeds expectations

Nvidia Corp posted higher fiscal second-quarter earnings on Thursday and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade.

The Santa Clara, California company reported second-quarter revenue of $1.1 billion, up 13 percent from the year-ago quarter as it expanded its focus on cars and cloud-computing.

For the current quarter, Nvidia said it expects revenue of $1.2 billion, plus or minus 2 percent. Analysts on average expected second-quarter revenue of $1.1 billion and third-quarter revenue of $1.16 billion, according to Thomson Reuters I/B/E/S.

Nvidia's net income in the second quarter, which ended on July 27, totaled $128 million or 22 cents per share, compared with $96 million, or 16 cents a share, in the year-ago quarter. Analysts on average expected 20 cents.