Nvidia forecasts weaker Q1 sales

Nvidia reported revenue for the fiscal fourth quarter to January of USD 953.2 million, down 10.6 percent from the prior quarter and up 7.5 percent from the same period a year earlier. The company's gross margin fell to 51.4 percent versus 52.5 percent in Q3, but was up from 48.1 percent a year ago. Net profit fell to USD 116.0 million or USD 0.19 per share, from USD 171.7 million or USD 0.29 per share in the same period a year earlier. For the fiscal first quarter, Nvidia forecast revenues of USD 900-930 million and a gross margin around 49.2 percent. Nvidia said it was confident of growth ahead, supported by its Tegra 3 processor for mobile phones and Kepler graphic platform.