Printed from http://www.electronista.com

Nvidia beats analyst estimates, posts $1.2B in revenue

updated 08:02 pm EST, Thu November 8, 2012

Nvidia earns $209.1 million as tablet orders surge

Nvidia reported its fiscal third quarter earnings today, beating analysts' estimates on the back of growing tablet sales. The graphics processor maker claimed $1.2 billion in revenue for the third quarter, up 13 percent year-over-year, about what analysts had expected. The company's net income in the period, though, rose to $209.1 million, or 33 cents per share, where analysts had expected 30 cents per share.

Nvidia's Tegra processors are featured in Google's Nexus 7 tablet, which has seen strong and growing sales, as well as a number of tablets running Google's Android and Microsoft's Windows 8 operating systems. Strength in chip orders from manufacturers of those devices has helped Nvidia to weather a drop-off in orders from the struggling PC market.

Nvidia forecast that its revenue for the fourth quarter will rise to between $1.03 and $1.18 billion. The company will on December 14 begin paying out its first dividend, dispensing 7.5 cents per share and extending a $2.7 billion share-repurchase program through December 2014. Shares in the company closed up $0.07 today at $12.68.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News