News Description
Nvidia reports $141m Q2 loss
VR-Zone - August 13, 2010 5:38 PM
vr-zone.com - Nvidia’s initially forecasted revenues for Q2 FY 2011 were $950-970 million. However, in July, Nvidia revised their forecasts to $820 million, so the Q2 FY 2011 financials should be no surprise. Nvidia’s Q2 FY 2011 - 2nd May to 1st August - final revenue was reported as $811.2 million, a sharp drop from Q1 FY 2011’s $1,001.8 million. The net income dropped from $137.6 million from a hefty net loss of $141 million. More next page...
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