Nvidia Exceeds Fourth-Quarter Estimates
Nvidia
(NVDA)
said on Wednesday that it topped Wall Street's earnings estimates for the fourth quarter by a penny.
The Santa Clara, Calif., company, a maker of graphics processors, said it earned $31.1 million, or 38 cents a share, up from $14.6 million, or 19 cents a share, in the year-ago period. Five analysts polled by
First Call/Thomson Financial
were calling for the company to earn 37 cents in the quarter.
Revenue for the quarter rose to $218.2 million, well ahead of the $128.5 million the company reported in the same period last year.
TheStreet Recommends
Shares of Nvidia, which will produce processors for
Microsoft's
(MSFT)
upcoming Xbox video game system, gained $3.25, or 7.3%, to $47.69 in regular-session
Nasdaq
trading, and rose to $50.50 in recent after-hours
Island
activity.
