NVIDIA lowered forecast profitability at 40-50%

 
January 14, 2009, 12:59 am

   NVIDIA Corporation announced the revision of the forecast revenue in the fourth quarter of fiscal 2009, which ends for January 25, 2009.
the company`s revenues for the fourth fiscal quarter of 2009 is expected in smaller quantities than it was announced at a press conference on November 6, 2008 based on the results of the third fiscal quarter of 2009. Now, it is expected that the total revenue of the company on the basis of 4 fiscal quarters of 2009 will decline by 40-50% as a result of further weakening consumer demand and a corresponding drop in sales NVIDIA channel globally.
The company is not planning to hold a special press conference in conjunction with the announcement today with the reduction of forecast indicators. Additional information and comments will be announced at a press conference on February 10, 2009, where NVIDIA is planning to present the outcome of the fourth fiscal quarter of 2009.
Recall that in the third quarter of fiscal 2009, ended for 26 Oct. , 2008, NVIDIA raportovala the receipt of quarterly revenue of $ 898 million Based on today announced an adjustment of return can be expected that the income of NVIDIA in the current quarter will be approximately $ 449 million - $ 539 million
also recalled that at the November press conference NVIDIA projected only a 5 percent decline in quarterly sales. However, it is worth noting that the adjusted projections of this magnitude in recent weeks by tens of IT-companies.

 

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