Rochester, NY 8/7/2009 4:18:29 PM
After Hours - NVIDIA Corporation, NVDA - Nvidia cost cuts on second quarter narrows loss, boosting up company shares
NVIDIA Corporation
Graphics chip maker Nvidia Corp. officially announce that the company’s 2010 second-quarter loss narrowed as cost cuts offset the impact of lower revenue.
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The company posted a loss of $105.3 million, or 19 cents per share, compared with a loss of $120.9 million, or 22 cents per share, a year ago. Excluding one-time items including a $119.1 million charge related to the weak die/packaging set used in certain previous-generation chips, Nvidia would have earned $37.7 million, or 7 cents per share, in the latest period.
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