Market Updates
Nvidia Profit Doubles
Elena
10 Aug, 2007
New York City
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Quarterly net income rose to $172.7 million, or 43 cents per share, up from $86.8 million, or 22 cents per share a year ago. Company
[R]8:00AM Nvidia said its Q2 profit doubled.[/R]
Nvidia Corp. ((NVDA)), graphics chip maker, said late Thursday its Q2 profit nearly doubled, boosted by increased use of graphics-intensive applications. Quarterly net income rose to $172.7 million, or 43 cents per share, up from $86.8 million, or 22 cents per share a year ago. Company’s revenue jumped 36% to $935.3 million. Analysts had expected earnings of 43 cents per share on $859.9 million in revenue. Shares of Nvidia dropped 6.7% in pre-market trading.
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