Nvidia Sales Forecast Tops Estimates on Mobile Device Demand
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Nvidia Corp., a maker of graphics processors, predicted third-quarter sales that exceeded analysts’ estimates, on robust demand for chips used in tablet devices coming to market in the current quarter.
Revenue for the period ending in October will be $1.15 billion to $1.25 billion, the Santa Clara, California-based company said in a statement yesterday. Analysts had estimated $1.09 billion on average, according to data compiled by Bloomberg.