Nvidia this week released second-quarter earnings that its CEO deemed "disappointing." However, future projections of growth, as well as an increase to its stock buyback program, boosted its stock price by about 10 percent on Wednesday as Wall Street decided to focus on the firm's future prospects. In Q2, which ended July 27, revenue sank to $892.7 million, compared to $935.3 million for the second quarter of the previous year, a decrease of 5 percent. The company realized a net loss of $120.9 million, or a loss of 22 cents per share.
Read »
Nvidia Shares Rise on Bright Future Despite Dim Q2
Nvidia this week released second-quarter earnings that its CEO deemed "disappointing." However, future projections of growth, as well as an increase to its stock buyback program, boosted its stock price by about 10 percent on Wednesday as Wall Street decided to focus on the firm's future prospects. In Q2, which ended July 27, revenue sank to $892.7 million, compared to $935.3 million for the second quarter of the previous year, a decrease of 5 percent. The company realized a net loss of $120.9 million, or a loss of 22 cents per share.
Read »
Created by chaltaoo Created 15 weeks 6 days ago – Made popular 15 weeks 6 days ago
Category: Technology
Category: Technology
- Login to post comments
-
User login
Top Published Stories - Technology
- BMW Product Navigator: create your next Bimmer on a Surface
- Memorex SingStand iPod karaoke mic critiqued and in the wild
- Nokia N85 pops up at Amazon for $556 unlocked
- Atari 2600 stuffed into Game Gear, Sega Nomad seen casting envious glances
- Blockbuster CEO talks up 2Wire MediaPoint, says rentals coming to BD decks in Q1 2009
Syndicate
