TweakTown
Tech content trusted by users in North America and around the world
5,675 Reviews & Articles | 36,071 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

NVIDIA's Q1 earnings better than expected, stock climbs in after-hours trading

NVIDIA reports profits of $77.9 million for first quarter

| Business, Financial & Legal News | Posted: May 10, 2013 12:08 am

NVIDIA has announced its first-quarter earnings. The earnings ended up beating out expectations, but still aren't as good as last quarters. NVIDIA pulled in a total of $77.9 million in profit, which is down 55 percent from last quarter. It is, however, up 29 percent year-over-year.

 

TweakTown image news/3/0/30287_1_nvidia_s_q1_earnings_better_than_expected_stock_climbs_in_after_hours_trading.gif

 

Revenue came in at a total of $954.7 million. This follows the same trend as the profit: down from last quarter, up year-over-year. Tegra sales were down as NVIDIA works to transition to the newer Tegra 4. NVIDIA hopes Tegra 4 will power growth for the company this year.

 

Investors are happy with how NVIDIA is performing, along with their $1 billion buyback and dividend program. In after-hours trading, NVIDIA's stock has risen one percent to $14.05.

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below