Nvidia Shows a Significant Rise in Third-Quarter Earnings

.

Nvidia Shows a Significant Rise in Third-Quarter Earnings

The third-quarterly earnings of Graphics chip giant Nvidia have been reported to be more than that expected by analysts as a result of the increase in market shares and due to the chip designed for the tablet computers.

Previous year's statics exhibit that by the end of the third-quarter that is on October 28, the company stood with a net income of $178.3 million and it share was priced at 29 cents, in comparison this year, the company has accounted for net income of $209.1 million and 33 cents for a share.

In a statement, the Santa Clara, California-based Nvidia stated yesterday that there has been an increase in its revenue by 13% and the total has accounted to $1.2 billion. The analysts were suspecting that the price of the share will rise to 30 cents on sale of $1.2 billion.

A San Francisco-based analyst at BMO Capital Markets, Ambrish Srivastava, said, "Orders for Nvidia's Tegra chips used in Google Inc.'s and Microsoft Corp.'s new tablets are helping it sidestep a slump in demand for personal computers".

Daniel Berenbaum, a New York-based analyst at MKM Partners LLC, stated that the company has been able to gain market shares, while Tegra chips have performed well at the market level.


Latest News

Airlines Next on The Probe List of Justice Department’s Antitrust Division
Shutting Down the Wrong Engine Led to Crash of TransAsia Flight GE235 in Taiwan
Dominion’s Yorktown Oil Burning Unit to be Shut Down
Microsoft’s Monday Announcements; Agreement with AOL to Move Display Ads, Sells
Phil Knight, Nike’s Co-Founder will Leave the Chairman’s Post Next Year
In spite of Introducing Several Stimulus, China’s Economy Indicates Weakness
Puerto Rico’s Financial Problems Grow Further as Report Says It Can no Longer Me
The Reckless Murderer, Detroit Women Killed Two of Her Own Children!
FTC’s Lawsuit Drives Sysco to Annul Buyout Deal with US Foods
Increasing Shark Attacks in North Carolina Beaches; Is Shark Fishing to be Blame
Solar Impulse Starts its Flight Across the Pacific Ocean