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EARNINGS-Nvidia forecasts fourth-quarter revenue below estimates

Credit: REUTERS/MIKE BLAKE

Nvidia Corp forecast fourth-quarter revenue below Wall Street estimates on Thursday, hurt by seasonal weakness in demand for its gaming cards used in personal computers and laptops.

Nov 14 (Reuters) - Nvidia Corp NVDA.O forecast fourth-quarter revenue below Wall Street estimates on Thursday, hurt by seasonal weakness in demand for its gaming cards used in personal computers and laptops.

The graphic chip specialist said it expects fourth-quarter revenue of $2.95 billion, plus or minus 2%, while analysts on average were expecting revenue of $3.06 billion, according to IBES data from Refinitiv.

Total revenue fell 5% to $3.01 billion and missed expectation of $2.91 billion.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur)

((Munsif.Vengattil@thomsonreuters.com; Twitter: @MunsifV; Phone: 646-223-8780;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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