Fiscal Cliff Fears Creating Potential for Bargain Buys (NVDA
In earnings news, chip maker NVIDIA (NVDA) said its fiscal third-quarter profit rose to $209 million, or 33 cents per share, from $178 million, or 29 cents per share, a year earlier. Revenue increased 13% to $1.2 billion. Analysts had expected a profit of 30 cents per share on revenue of $1.19 billion. NVIDIA forecast fourth-quarter revenue of $1.02-$1.18 billion, just below the $1.2 billion consensus. Shares of NVIDIA fell -3.9%.