NVIDIA (NVDA) reported Q3 (Oct) earnings of $0.19 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $0.10; revenues rose 0.6% year/year to $903.2 mln vs the $838.1 mln consensus. NVIDIA prelim reports gross margin 41% vs 37.3% consensus. Co issues upside guidance for Q4, sees Q4 revs expected to be up slightly, approximately 2 percent, from the third quarter, equates to $921 mln vs. $868.11 mln consensus.

Atmel (ATML) reported Q3 (Sep) loss of $0.04 per share, $0.02 worse than the First Call consensus of ($0.02); revenues rose 11.7% year/year to $317.7 mln vs the $303.6 mln consensus. ATML sees Q4 revs up 3-7% QoQ vs the 4.4% consensus. Co issues upside guidance for Q4, sees Q4 revs of $327.2-340 mln vs. $317.01 mln consensus.

JDS Uniphase (JDSU) Reports Q1 (Sep) earnings of $0.04 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.02; revenues fell 21.0% year/year to $297.8 mln vs the $291.8 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $320-345 mln vs. $306.14 mln consensus.

RBC Capital Mkts downgraded Garmin (GRMN) to Underperform from Sector Perform and lowered their tgt to $24 from $28 following the company's 3Q09 results. The firm noted that GRMN posted a 17% sequential growth in revs to $781 mln ahead of consensus of $704 mln on strength in automotive/mobile and outdoor/fitness and slowing decline in ASPs. However concerns rest more upon increasing competition. The firm noted that it's getting really crowded out there and the core market for PND may see dramatic changes as Smartphones with turn by turn navigation increasingly compete with GRMN.

DIRECTV (DTV) reported Q3 (Sep) earnings of $0.37 per share, $0.02 worse than the First Call consensus of $0.39; revenues rose 9.7% year/year to $5.46 bln vs the $5.42 bln consensus. Net subscriber additions in the quarter declined to 136,000 as an increase in gross additions was more than offset by higher customer disconnects. The 8% increase in gross additions to 1,086,000 in the third quarter was mainly due to marketing of the AT&T/DIRECTV bundle which began in February 2009, as well as higher demand for HD and DVR services.

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