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NVIDIA Corporation Message Board

  • ibexx ibexx May 9, 2013 7:24 PM Flag

    WSJ; NVIDIA Q1 profit rises 29% as revenue, gross margin strengthen (VERY POSITIVE COMMENTSRY!)

    Nvidia Corp.'s (NVDA) fiscal first-quarter earnings rose 29% as the chip maker posted stronger revenue and margins.

    For the current quarter, the company forecast revenue of $975 million, plus or minus 2%, implying a range of between $955.5 million and $994.5 million. Analysts polled by Thomson Reuters most recently expected $1.01 billion.

    The Santa Clara, Calif., company is best known for making chips and circuit boards that help computers and videogame consoles generate visual effects. Over the years, the company has expanded into making chips for mobile devices, boosting its sales as companies such as Google Inc. (GOOG) and Microsoft Corp. (MSFT) use its chips in their tablets.

    President and Chief Executive Jen-Hsun Huang said Thursday the company's Kepler-based graphics processing units--or GPUs--drove record margins.

    "Kepler is capturing share among gamers, strengthening our workstation and supercomputing segments, and will fuel new growth opportunities for our GRID server graphics solutions," Mr. Huang said. "With Tegra 4 devices and Tegra 4i certification on the way, we're gearing up to return to growth in the second half."

    For the quarter ended April 28, Nvidia reported a profit of $77.9 million, or 13 cents a share, up from $60.4 million, or 10 cents a share, a year earlier. Excluding stock-based compensation, acquisition-related impacts and other items, adjusted earnings were up at 18 cents from 16 cents a share. Analysts most recently forecast 10 cents a share.

    Revenue increased 3.2% to $954.7 million. The company in February projected roughly $940 million, well below analysts' revenue expectations at the time.


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