Earnings Preview: NVIDIA mobile progress in focus with Q4 report

theflyonthewall.com

NVIDIA (NVDA) is expected to report Q4 earnings after the close on Wednesday, February 13, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones, tablets and auto infotainment systems... EXPECTATIONS: Analysts are looking for earnings per share of 24c on revenue of $1.1B. The consensus range is 19c-29c for EPS on revenue of $1.04B-$1.18B, according to First Call... LAST QUARTER: NVIDIA reported Q3 adjusted EPS of 39c on revenue of $1.2B. The company reported an adjusted gross margin of 53.1% in the quarter. It also initiated a quarterly dividend of 7.5c per share and extended its share repurchase authorization. NVIDIA also said it expects Q4 revenue of $1.025B-$1.175B and an adjusted gross margin of 53.1%, which would be flat sequentially... RESEARCH AND NEWS: In January, NVIDIA introduced Tegra 4, calling the product "the world's fastest mobile processor." Early this month, DigiTimes said Toshiba (TOSBF) will be the first vendor to adopt the Tegra platform, adding that Taiwan-based supply chain makers say Tegra 4 may be struggling to compete with other platforms. About a week later, GigaOM reported that the company's Tegra 4 processor may power an upcoming Chromebook, which is a laptop that uses Google's (GOOG) Chrome operating system. In a note to investors last week, Pacific Crest maintained a Sector Perform rating on NVIDIA shares, citing its belief that the company has limited opportunity for GPU share gains... PRICE ACTION: Since the day after last quarter's report, shares of NVIDIA have declined a bit more than 1%. In afternoon trading ahead of tonight's report, NVIDIA is up 1.4% to $12.60.

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