Kepler, Tegra Sales Elevate NVIDIA (NVDA) to Q1 Beat; Strong Outlook Issued
Tweet Send to a Friend
Get Alerts NVDA Hot Sheet
Price: $14.45 -1.23%
EPS Growth %: -10.3%
Financial Fact:
Revenue: 954.74M
Today's EPS Names:
ANF, DXLG, FL, More
EPS Growth %: -10.3%
Financial Fact:
Revenue: 954.74M
Today's EPS Names:
ANF, DXLG, FL, More
Trade NVDA Now!
Shares of NVIDIA Corp. (Nasdaq: NVDA) are indicated for a rip-roaring open Friday following the company's first-quarter 2013 earnings report and strong outlook.
The graphics-chip giant reported a 3.9 percent dip in top-line growth to $924.88 million, though the Street was looking for a larger decline to $916.2 million.
Net income for the Santa Clara, CA-based tech firm dropped 55.3 percent to $60.44 million, or 10 cents per share. Following adjustment for items like legal issues and stock-based compensation, non-GAAP EPS was 16 cents, about 6 cents better than views.
Gross margin consolidated modestly from 50.4 percent to 50.1 percent.
"Kepler GPUs are accelerating our business...Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch," commented CEO Jen-Hsun Huang. "Look for exciting news next week at the GPU Technology Conference as we reveal new ways that the GPU will enhance mobile and cloud computing." (Kepler. Tegra. Sometimes is feels like NVIDIA is drawing from the naming department at Porsche.)
Looking ahead, NVIDIA sees second-quarter 2013 revs of $990 million to $1.05 billion, ahead of views expecting revs of $976.2 million. Non-GAAP gross margin is expected to be 51.5 percent +/- 1 percentage point.
Shares are up nearly 8 percent in early trading.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The graphics-chip giant reported a 3.9 percent dip in top-line growth to $924.88 million, though the Street was looking for a larger decline to $916.2 million.
Net income for the Santa Clara, CA-based tech firm dropped 55.3 percent to $60.44 million, or 10 cents per share. Following adjustment for items like legal issues and stock-based compensation, non-GAAP EPS was 16 cents, about 6 cents better than views.
Gross margin consolidated modestly from 50.4 percent to 50.1 percent.
"Kepler GPUs are accelerating our business...Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch," commented CEO Jen-Hsun Huang. "Look for exciting news next week at the GPU Technology Conference as we reveal new ways that the GPU will enhance mobile and cloud computing." (Kepler. Tegra. Sometimes is feels like NVIDIA is drawing from the naming department at Porsche.)
Looking ahead, NVIDIA sees second-quarter 2013 revs of $990 million to $1.05 billion, ahead of views expecting revs of $976.2 million. Non-GAAP gross margin is expected to be 51.5 percent +/- 1 percentage point.
Shares are up nearly 8 percent in early trading.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
- Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%
- Williams-Sonoma, Inc. (WSM) Tops Q1 EPS by 4c; Boosts Outlook
Create E-mail Alert Related Categories
EarningsRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
