Feeds

Whoops! Nvidia lets slip Q1 earnings early – and they're solid

Revenue and earnings both beat analysts' estimates

Build a business case: developing custom apps

An internal communications cockup forced Nvidia to release its first-quarter 2015 results two days early, surprising Wall Street with revenues and earnings that beat analysts' estimates.

Nvidia had earlier announced that it would release this quarter's earnings report on Thursday, but when a preliminary draft of its results was inadvertently leaked to around 100 people, it decided to post its figures early to avoid spooking investors.

As it turns out, those numbers were nothing to be ashamed of. Revenues for the three months ending on April 27 were $1.10bn, a year-on-year increase of 16 per cent, but down 4 per cent from the previous quarter.

The 29 analysts polled by Yahoo! Finance were expecting revenues of $1.08bn, on average, although the most bullish among them may be slightly miffed at the company's actual results.

Nvidia's profits were even more impressive. It showed net income of $136.5m for the quarter, which was a 7 per cent dip sequentially but a whopping 75 per cent gain over the year-ago period.

Those results translated into earnings of $0.29 per diluted share, or $0.24 per share if you include the effects of items like taxation, amortization, and depreciation. Either way you slice it, the chipmaker soundly stumped the analysts, who were expecting earnings of $0.20 per share, on average.

Nvidia offered no commentary on its results in its press release, but a glance at the accompanying filing with the US Securities and Exchange Commission shows that while the company's sales grew by double digits, its total operating expenses were virtually flat, climbing just 4 per cent.

The chipmaker has also been enjoying strong sales growth in its Tesla and Quadro lines of graphics processors in recent quarters, which are used in high-end graphics workstations and in supercomputing. It has also had some success selling its Tegra line of ARM system-on-chips into the automotive industry, despite weakening sales to smartphone and tablet makers.

Nvidia will offer its own take on its results in an earnings call with financial analysts, which is still due to take place on Thursday, May 8 at 2pm Pacific Time (9pm GMT). ®

5 things you didn’t know about cloud backup

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.