NVIDIA sales up 51 percent in Q1 2010

by Hilbert Hagedoorn on: 05/14/2010 09:06 AM | source: | 0 comment(s)

NVIDIA announced first quarter sales of $1 billion with a profit of $137.6 million, or 23 cents per share, compared to revenue of $664.2 million and a loss of $201.3 million, or 37 cents per share, in the same period the year before.

The GPU maker beat analysts expectations, but NVDA shares plunged to $14.03 (-3.62%) in after-hours trading because the forecast for the current quarter is lower than analysts had anticipated.
Analysts had expected the graphics chip company to report earnings of 21 cents a share, on revenue of $986.2 million, according to a consensus survey by Thomson Reuters.

For the current quarter, the company said it expects revenue to be seasonally down 3% to 5% sequentially. That translates to a revenue range of roughly $950 million to $970 million.

Analysts currently expect Nvidia to report revenue of $990.9 million, according to data from Thomson Reuters.

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