Nvidia Third-Quarter Earnings Top Estimates on Tablet Orders
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Nvidia Corp., a maker of graphics processors, reported fiscal third-quarter earnings that topped analysts’ estimates as it grabbed market share and won orders for chips used in tablet computers.
Net income in the period that ended Oct. 28 rose to $209.1 million, or 33 cents a share, from $178.3 million, or 29 cents, a year earlier, Santa Clara, California-based Nvidia said yesterday in a statement. Revenue climbed 13 percent to $1.2 billion. Analysts on average had estimated earnings of 30 cents on sales of $1.2 billion, according to data compiled by Bloomberg.