This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nvidia's Quarter Helped by Ending Microsoft Dispute

Resolution of a pricing dispute with Microsoft (MSFT - Get Report)helped graphics chipmaker Nvidia (NVDA - Get Report) post a net profit of $50.9 million for its fourth quarter of fiscal 2003.

Net income was 30 cents a share, compared with $76 million, or 43 cents a share, in the same period a year earlier. Revenue was $469 million, compared with $503.7 million in the year-ago quarter and $430.30 million in the prior quarter.

Nvidia's results were aided by the resolution of a disagreement over the pricing of chips for the Xbox, which accounts for 20% of its revenue. The company said the agreement added $40.4 million in revenue to its results for the quarter. Of those, $4.8 million in sales came in the fourth quarter and the rest from earlier quarters.

Wall Street had expected 6 cents per share in earnings on $427.58 million in revenue.

For the full fiscal year ended Jan. 26, revenue was $1.91 billion, compared with $1.37 billion for the prior year. Net income for the year was $90.8 million, or 54 cents per share, compared with net income of $176.9 million, or $1.03 a share the prior year.

Analysts surveyed by Thomson Financial/First Call had expected 54 cents a share in earnings on revenue of $1.87 billion.

Nvidia closed up 12 cents, or 1.2%, at $9.87.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NVDA $19.95 0.00%
MSFT $46.70 0.00%
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs