Tuesday, 14 August, 2018

Chipmaker Nvidia's quarterly revenue jumps 48.4 pct

Inside The 2016 Consumer Electronics Show Nvidia CEO Jen Hsun Huang Patrick T. Fallon Bloomberg Getty ImagesNvidiaNvidia’s Shares Jump 8% on Strong Chip SalesReuters5:45 PM ET
Laurie Berry | 10 May, 2017, 00:49

NVIDIA jumped more than 13 percent in after-hours trading after earnings crushed Wall Street estimates.

Nvidia shares, which closed at $102.94, were 13 per cent higher in after-hours trading at $116.75, their highest point since early February.

Shares in United States graphics chipmaker Nvidia leaped up 13 per cent in after-hours trading, after it reported results ahead of expectations across a portfolio of products that power gaming PCs and consoles, virtual reality, artificial intelligence and self-driving cars.

Looking ahead, NVDA forecast Q2 revenues of $1.95 billion, plus or minus 2%, implying a range of $1.911 to $1.989 billion.

The company reported $0.79 EPS on $1.94 billion in revenue, beating consensus of $0.66 EPS on $1.91 billion in revenue.

The chipmaker has also diversified its efforts into the automotive industry and also supplies chips that are used in data centers.

Newspapers are thriving in this country
India is one of the few countries where print advertising revenue is growing while in most other countries it is declining. The ABC is a founding member of the International Federation of Audit Bureax of Circulation established in 1963.

For the full year, NVIDIA said it would return a total of $1.25 billion to shareholders through via quarterly cash dividends and share buybacks.

The Santa Clara, Calif. -based company reported a net income of $507 million, or 79 cents per share.

Nvidia's revenue increased to $1.94 billion from $1.31 billion.

Excluding items, Nvidia earned 85 cents per share, the company said.

Analysts on average had expected revenue of $1.91 billion, according to Thomson Reuters I/B/E/S.

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