NVIDIA sales up 51 percent in Q1 2010

Posted on Friday, May 14 2010 @ 2:16 CEST by Thomas De Maesschalck

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.

Full details at MarketWatch.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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Re: NVIDIA sales up 51 percent in Q1 2010
by Anonymous on Friday, May 14 2010 @ 3:06 CEST

Just wait till the 480M mobile chips and mainstream chips hit the market. The uptick will be unbelievable.

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