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NVIDIA earnings are good, strong graphics and mobile business contribute well

NVIDIA quarterly earnings are all good, ahead of what analysts were expecting

| Business, Financial & Legal News | Posted: Nov 11, 2011 3:18 am

NVIDIA reported their quarterly earnings on Thursday which were ahead of what analysts were expecting. NVIDIA earned $178.3 million, or 29 cents per share, on revenue of $1.07 billion for the three months ending October 30.

 

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NVIDIA were expected to post earnings of around 26 cents per share, with revenues of $1.06 billion, according to First Call. For the current quarter, green-team NVIDIA said it sees its revenue staying roughly flat from the current quarter, give or take a percentage or two. Gross margins are expected to be steady or up half a percent.

 

CEO and can-of-whoop-ass-tattoo-armed Jen-Hsun Huang said in a statement:

 

NVIDIA's strategy is coming into its own, as the world becomes increasingly visual and mobile. Our GPU business accelerated in the third quarter, driven by strong demand from gamers and the professional market. And our mobile business benefited from new devices coming onto the market.

 

NVIDIA have green pastures ahead of them, especially with their Tegra 3 chip looking quite amazing, and the first Tegra 3-powered device, the ASUS Eee Pad Transformer Prime set to debut next month, it should be be good times for NVIDIA.

NEWS SOURCE
Allthingsd.com

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