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.
The birth of early supermassive black holes has...Read More
U.S. Environmental Protection Agency (EPA)...Read More
Google Inc. parent firm Alphabet-owned Waymo has...Read More
The health of Australia’s Great Barrier Reef is in...Read More
Following the recent leak of a trove of...Read More