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News Breaks
February 13, 2013
12:52 EDTNVDAEarnings Preview: NVIDIA mobile progress in focus with Q4 report
NVIDIA (NVDA) is expected to report Q4 earnings after the close on Wednesday, February 13, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones, tablets and auto infotainment systems... EXPECTATIONS: Analysts are looking for earnings per share of 24c on revenue of $1.1B. The consensus range is 19c-29c for EPS on revenue of $1.04B-$1.18B, according to First Call... LAST QUARTER: NVIDIA reported Q3 adjusted EPS of 39c on revenue of $1.2B. The company reported an adjusted gross margin of 53.1% in the quarter. It also initiated a quarterly dividend of 7.5c per share and extended its share repurchase authorization. NVIDIA also said it expects Q4 revenue of $1.025B-$1.175B and an adjusted gross margin of 53.1%, which would be flat sequentially... RESEARCH AND NEWS: In January, NVIDIA introduced Tegra 4, calling the product "the world's fastest mobile processor." Early this month, DigiTimes said Toshiba (TOSBF) will be the first vendor to adopt the Tegra platform, adding that Taiwan-based supply chain makers say Tegra 4 may be struggling to compete with other platforms. About a week later, GigaOM reported that the company's Tegra 4 processor may power an upcoming Chromebook, which is a laptop that uses Google's (GOOG) Chrome operating system. In a note to investors last week, Pacific Crest maintained a Sector Perform rating on NVIDIA shares, citing its belief that the company has limited opportunity for GPU share gains... PRICE ACTION: Since the day after last quarter's report, shares of NVIDIA have declined a bit more than 1%. In afternoon trading ahead of tonight's report, NVIDIA is up 1.4% to $12.60.
News For NVDA From The Last 14 Days
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June 25, 2015
17:56 EDTNVDAMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
June 23, 2015
12:54 EDTNVDAPC concerns weighing on shares of Seagate, Western Digital
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June 22, 2015
17:55 EDTNVDAITC staff supports clearing Samsung, Qualcomm, in NVIDIA case, Bloomberg says
The U.S. International Trade Commission staff recommends that Samsung Electronics (SSNLF) and Qualcomm (QCOM) be absolved of patent-infringement accusations brought by Nvidia (NVDA), Bloomberg reports. Reference Link

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