Nvidia Q4 results better than expected

News Wireless Global 12 FEB 2015
Nvidia Q4 results better than expected

Nvidia reported fourth-quarter revenues of USD 1.25 billion, up 9 percent from a year earlier and 2 percent more than in the previous quarter. The result was slightly better than its forecast for USD 1.20 billion in the three months to January. The gross margin improved to 55.9 percent from 54.1 a year ago, also better than expected, and net earnings increased 40 percent year-on-year to USD 0.35 per share.

Nvidia returned around USD 1.0 billion in cash to shareholders in the past fiscal year in the form of dividends and share buybacks. It plans to pay out at least USD 600 million in the current year. For the fiscal first quarter, the company forecast a small slowdown in revenue to around USD 1.16 billion and a further improvement in the gross margin to around 56.2 percent. 

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