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

Hackers cut access to some of the world's best known websites on Friday
Dinosaur bones found in Alaska’s Denali National Park
Californians to vote on marijuana legalization measure next month
Microsoft posts $20.5B revenue for July-September 2016 quarter
Tesla is equipping its vehicles with hardware required to make them fully self-d
Orbital’s Antares rocket returns to flight with successful cargo launch
Twitter Would Need New Strategy for Growth as Salesforce Walks Out of Deal
Verizon versions of Google Pixel will get all updates “simultaneously” with non-
Samsung Galaxy Note 7 handsets banned from airline flights in US
HP plans to cut up to 4,000 jobs in next 3-4 years
Valve shows off its new prototype SteamVR controller
AT&T, T-Mobile stop exchanges for new Samsung Galaxy Note 7 handsets