Thursday, May 10, 2007

Nvidia quarterly profit increases, shares rise

(Reuters) - "Q2 is usually the slowest quarter for the PC industry. Even so, we believe revenue in Q2 will be flat to slightly up" from the previous quarter, Chief Financial Officer Marvin Burkett told a conference call.

Nvidia's revenue was $844.3 million in the first quarter ended April 29, up 24 percent from a year earlier and higher than the $835 million that was the average forecast of analysts on Reuters Estimates.


Read more at Reuters.com Hot Stocks News

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