Nvidia forecasts fourth-quarter revenue above expectations

(Reuters) - Nvidia Corp forecast fourth-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its graphic chips for gaming devices and data centers. The chipmaker said it expects current-quarter revenue of $4.80 billion (£3.61 billion), plus or minus 2%, compared with analysts' average estimate of $4.42 billion, according to IBES data from Refinitiv

Reuters November 19, 2020 04:05:08 IST
Nvidia forecasts fourth-quarter revenue above expectations

Nvidia forecasts fourthquarter revenue above expectations

(Reuters) - Nvidia Corp forecast fourth-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its graphic chips for gaming devices and data centers.

The chipmaker said it expects current-quarter revenue of $4.80 billion (£3.61 billion), plus or minus 2%, compared with analysts' average estimate of $4.42 billion, according to IBES data from Refinitiv.

(Reporting by Ayanti Bera in Bengaluru and Stephen Nellis in San Francisco; Editing by Arun Koyyur)

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