Shares of NVIDIA (NVDA) ended the past trading week on a bad note. On Friday, shares fell almost 4%. The manufacturer of graphics chips reported its third quarter results for its fiscal 2013 on Thursday after the close.
Third Quarter Results
NVIDIA reported third quarter revenues of $1.20 billion, up 12.9% on the year before. Revenues were up 15.3% compared to second quarter. Revenues came in just ahead of analysts consensus of $1.19 billion.
NVIDIA reported gross margins of 52.9%, up 70 basis points on the year before and up 110 basis points compared to the second quarter.
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