NVIDIA President and CEO Jen-Hsun Huang gives a demonstration during his keynote address at the GPU Technology Conference in San Jose
NVIDIA President and CEO Jen-Hsun Huang gives a demonstration during his keynote address at the GPU Technology Conference in San Jose, California September 21, 2010. REUTERS

Nvidia Corp posted third-quarter revenue slightly above expectations as the chipmaker refocuses on smartphones and tablets to offset a tepid personal computer market.

Nvidia's revenue for the quarter ending October 30 was $1.066 billion, up 26 percent and a bit above analysts' average estimate of $1.062 billion according to Thomson Reuters

I/B/E/S.

Non-GAAP net income was $217.0 million or 35 cents per share, compared with $117.4 million or 20 cents a share in the third quarter of last year.

Shares of Santa Clara, California-based Nvidia rose 2.97 percent in extended trade after closing up 1.05 percent at $14.47.

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