Nvidia revenue outlook misses, PC and tablet chips slow
The company said its fiscal fourth-quarter net income rose to $174 million, or 28 cents a share from $116 million, or 19 cents a share, in the same quarter last year. Analysts on average expected 24 cents, according to Thomson Reuters I/B/E/S.
The Santa Clara, California, chipmaker said fourth-quarter revenue rose to $1.107 billion from $953.2 million in the year-ago quarter.
Revenue in the current quarter, Nvidia said, would be $940 million, plus or minus 2 percent.
Analysts were expecting revenue of $1.102 for the fourth quarter ended in January and $1.067 billion for the first quarter ending in April.
Shares of Nvidia were down 1.7 percent in extended trade after closing down 0.48 percent at $12.37 on Nasdaq.
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