Graphics chip and application processor maker Nvidia (NVDA) this afternoon reported fiscal Q4 revenue ahead of expectations and easily surpassed profit per share estimates, but forecast this quarter’s sales to miss consensus.
Revenue in the three months ended in January rose 7.5%, year over year, to $953 million, yielding EPS of 26 cents a share, excluding some items.
Analysts had been modeling $951 million and 19 cents a share.
CEO Jen-Hsun Huang said the company expects “continued growth ahead” based on sales of the company’s “Tegra 3” processor for smartphones and tablets, and based on “Kepler,” the company’s new graphics chip architecture.
For the current quarter, the company sees revenue in a range of $900 million to $930 million, below the average $945 million estimate.
Nvidia expects non-GAAP gross margin to fall from last quarter’s 52.5% to a range of 48.5% to 50.5%.
An expanded commentary on the quarter’s results is available in the CFO commentary document on Nvidia’s Web site.
Nvidia will host a conference call with analysts at 5 pm, Eastern time, and you can catch the webcast of it here.
Nvidia shares are down 49 cents, or 3%, at $15.68.
Fin.
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