Improved margin, higher revenues
Nvidia announced its estimated Q4 earnings on Wednesday and the figures are somewhat better than expected.
However, revenue failed to meet expectations and at $886.4 million it's 9.8 percent lower than last year and $8 million below earlier estimates. In spite of this Nvidia managed to record a 5 percent sales jump quarter-on-quarter and gross margins also went up from 46.5 to 48.1 percent over the same period.
CEO Jeh-Hsun Huang noted that Nvidia's investment in mobile computing and parallel computing is now the key driving factor behind the company's growth.
Nvidia expects revenue will go up between 6 and 8 percent in Q1 and it hopes to push margins up to 48.5 to 49.5 percent.