February 13, 2013 / 9:37 PM / in 5 years

Nvidia's quarterly revenue forecast misses expectations

SAN FRANCISCO, Feb 13 (Reuters) - Nvidia gave a quarterly revenue outlook that missed expectations as the graphics chipmaker faced more competition in a growing tablet market to offset soft PC demand.

The Santa Clara, California, chipmaker reported fourth-quarter revenue of $1.107 billion on Wednesday, up from $953 million in the year-ago quarter.

It said revenue in the current quarter would be $940 million, plus or minus 2 percent.

Analysts were expecting revenue of $1.102 billion for the quarter ended in January and $1.067 billion for the quarter ending in April, according to Thomson Reuters I/B/E/S.

Fourth-quarter net income was $174 million, or 28 cents a share, up from $116 million, or 19 cents a share, in the same quarter last year.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below