NVIDIA Corp (NVDA): Nvidia shares jump on results, outlook...

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Friday, 05/11/2012 9:59:01 AM

Friday, May 11, 2012 9:59:01 AM

Nvidia shares jump on results, outlook
Chipmaker cites gains in graphics, mobile market

SAN FRANCISCO (MarketWatch) — Shares of Nvidia Corp. were up sharply on Friday after the chipmaker reported lower first-quarter profit and sales, but issued an outlook that topped Wall Street expectations.

Adjusted for the effects of stock-based compensation and other one-time charges, Nvidia said earnings would have been 16 cents a share for the recent period.............Analysts were expecting the semiconductor company to report a profit of 10 cents a share, on revenue of $916 million, according to a consensus survey by FactSet Research............

For the second quarter, Nvidia predicted revenue in the range of between $990 million and $1.05 billion. Analysts were expecting revenue of $978 million for the period.
http://www.marketwatch.com/story/nvidia-shares-jump-on-results-outlook-2012-05-11?siteid=yhoof2