NVIDIA reports Q1 earnings: rakes $60.4 million profit on $924.9 million in revenue

What's black and white and red all over? One thing it's probably not is NVIDIA's Q1 2013 earnings report. That's why we're here to dig through the muck and tell you that the company saw both profits and revenue fall from last quarter. Revenue was down three percent to $924.9 million but, more shockingly, net income dropped 47.9 percent to just $60 million. With a slew of new product launches over the last few months NVIDIA is optimistic about the future and actually managed to beat Wall Street's expectations. Though it offers little explanation for the drop off in its earnings press release, we'd expect things to get back to normal soon. For all the fine financial details, check out the PR after the break.

Continue reading NVIDIA reports Q1 earnings: rakes $60.4 million profit on $924.9 million in revenue

NVIDIA reports Q1 earnings: rakes $60.4 million profit on $924.9 million in revenue originally appeared on Engadget on Fri, 11 May 2012 08:42:00 EDT. Please see our terms for use of feeds.