Nvidia Little Changed After Q4 Results
Graphics-chip maker Nvidia (NASDAQ: NVDA) released its fourth-quarter earnings results after the closing bell on Wednesday. In the after-hours, NVDA was little changed. The stock has been weak over the last year as declining sales trends in the PC market have weighed on the company. Over the last 52-weeks, NVDA is down around 22 percent.
The company reported net income of $173.97 million or $0.28 per share, compared to $116.03 million or $0.19 per share, in the year ago period.
On a non-GAAP basis, net income was $214.93 million or $0.35 per share, compared to $158.14 million or $0.26 per share, in last year's corresponding period. Wall Street analysts had consensus EPS estimates of $0.24 heading into the report.
Revenue was $1.11 billion in the fourth-quarter versus $953.19 million last year. This beat analysts consensus of $1.10 billion by a whisker.
Looking ahead to first quarter, the chip-maker said that revenue is expected to be $940 million, plus or minus two percent. Capex is anticipated to be $55 million to $65 million. The guidance was below analysts' current consensus of $1.07 billion in sales for the first quarter.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.