Shares of Nvidia (NASDAQ: NVDA) were up 1.5% as of 7:04 p.m. ET in after-hours trading on Wednesday, following the graphics-chip specialist's release of its third-quarter report for fiscal 2023.

The market's relatively muted initial reaction isn't surprising since both the third-quarter results and fourth-quarter guidance were "mixed," in Wall Street lingo. Third-quarter revenue exceeded the analyst consensus estimate, while the quarter's profit missed the estimate. The fourth-quarter guidance scenario was the opposite, with the top-line outlook coming in lower than the Street had expected, while the bottom-line forecast slightly surpassed the expectation.

None of the beats or misses, however, were that sizable. Given the challenging macroeconomic environment, most investors were probably satisfied with the report. 

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Source Fool.com