NVIDIA Corporation (NASDAQ:NVDA) released its earnings numbers for the three months through September 2013 this afternoon after the market closed on Wall Street. The company showed earnings per share of 26 cents for the three month period on revenue totaling $1.05 billion. On today’s market shares in the company trended down and finished the day at $14.55.
Before the announcement of these shares analysts studying NVIDIA Corporation (NASDAQ:NVDA) were looking for earnings per share of 25 cents from the company on revenue of $1.1 billion. The consensus estimates were taken from a Bloomberg study of 21 analysts following the processor maker.
In the three months through September 2012 NVIDIA Corporation (NASDAQ:NVDA) showed earnings per share of 39 cents. The company brought in revenue of $1.2 billion in the period. NVIDIA has a history of beating analyst expectations in its earnings report. The company had beaten earnings estimates for the last four quarters before today’s release.
NVIDIA is at heart a company that makes equipment for gaming. The company is famed for its desktop and notebook graphics cards, and its first attempt at a console, the NVIDIA Corporation (NASDAQ:NVDA) Shield was released in the third quarter of the year. The company appears to e moving away from gaming and heading for greener pastures, however.
NVIDIA Corporation (NASDAQ:NVDA) has managed to perform well in recent years despite the collapse in the PC market. The company was one of the first big PC chipmakers to move to the mobile market, and the company’s mobile processors are a popular choice for companies manufacturing smartphones and tablets.
Since the start of the year shares in NVIDIA Corporation (NASDAQ:NVDA) have increased by close to 20%. The shares have underperformed the wider indices, but they’ve done well when compared to other emigres from the PC industry.
NVIDIA Corporation (NASDAQ:NVDA) management will host a conference call in order to discuss these earnings numbers at 5:45 PM EST. The firm’s investors will be looking to question the guidance for the fourth quarter of the year, and the company’s strategy going ahead. Of prime importance will be the sales of the company’s console, and its outlook for mobile competition as Intel and others step into the market.