Technology giant $NVIDIA (NVDA.US)$ reported third quarter financial highlights after the market close Wednesday. Here are the key highlights.

What Happened: Nvidia reported third-quarter revenue of $5.93 billion, down 17% year-over-year. The revenue total beat a Street estimate of $5.77 billion, according to data from Benzinga Pro.

NVIDIA reported earnings per share of 58 cents in the quarter, down 50% year-over-year. Earnings per share missed a Street estimate of 69 cents per share.

We are quickly adapting to the macro environment, correcting inventory levels and paving the way for new products. 

-Nvidia CEO Jensen Huang said.

Data center segment revenue was $3.83 billion, up 31% year-over-year and up 1% from the second quarter. The segment was a key highlight from the company in the earnings report.

Gaming segment revenue was $1.57 billion in the third quarter, down 51% year-over-year.

Professional visualization segment revenue was $200 million, down 65% year-over-year in the third quarter.

The company's automotive and embedded segment had third quarter revenue of $251 million, up 86% year-over-year.

The company said it returned $3.75 billion to shareholders in the third quarter via dividends and share buybacks. The company has $8.28 billion remaining on its share buyback program.

What's Next: NVIDIA is guiding for fourth quarter revenue of $6 billion, plus or minus 2%. The Street estimate is $6.09 billion, according to data from Benzinga Pro.

The ramp of our new platforms – Ada Lovelace RTX graphics, Hopper AI computing, BlueField and Quantum networking, Orin for autonomous vehicles and robotics, and Omniverse – is off to a great start and forms the foundation of our next phase of growth.

-Huang said.

NVDA Price Action: NVIDIA shares are up 1% in after hours trading Wednesday.