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|13th August 2010, 16:36||#1|
Join Date: May 2002
Nvidia posts $141 million loss
Nvidia posted a $141 million loss in its second fiscal quarter, which ended August 1. Losses have widened since the same period last year, when the outfit was $105 million in the red.
Nvidia was forced to cough up $193 million for faulty mobile chips shipped in 2008. Had it not, it would have been profitable, but just barely. The company was also forced to take a significant inventory writedown due to poor demand.
On the upside, revenues jumped 4.5 percent to $811 million, although revenues still failed to meet analysts’ expectations. Nvidia is somewhat more optimistic about the upcoming third quarter and it expects revenues of between $836 and $852 million.
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