SAN FRANCISCO, Nov 8 (Reuters) - Nvidia’s third-quarter revenue met expectations as the graphics chipmaker pushed further into a growing tablet market to offset weak PC demand.
The company also said it was initiating a quarterly dividend of 7.5 cents a share.
The Santa Clara, California, chipmaker reported third-quarter revenue of $1.204 billion, up from $1.066 billion in the year-ago quarter.
Analysts were expecting revenue of $1.193 billion for the quarter ending in October, according to Thomson Reuters I/B/E/S.
Third-quarter net income was $209 million, or 33 cents a share, up from $178 million, or 29 cents a share in the same quarter last year.