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

Mobileye to be the Largest Israeli IPO in the U.S.
GoPro Fails to Hold On to Its Blockbuster Start
Alpha Natural Resources Plan to Cut Down 1,100  Jobs in Coal Mines
California Proposes Very Humble Rate Hikes for Obamacare in 2015
Patients receiving 'second choice' drugs due to supply deficiencies
NuvaRing makers warn women of side effects
Australian couple refuses to take their surrogate baby with Down syndrome
Depression and anxiety happen in teens due to insomnia
Sierra Leone declares state of emergency with Ebola outbreak
Increase of Sales Tax on Cigarettes Lowered Smoking Rate in Japan by 20%
Republican House Votes accuse US President Barack Obama of Impeachment
In a Peppy Second Quarter US economy Experiences a 4% Growth