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Nvidia (NVDA) Earnings Preview For Thursday

Nvidia   (NVDA) 

Background:NVIDIA Corporation designs, develops and markets a `top-to-bottom` family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation's 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design. Nvidia trades an average of 10.6 million shares per day with a marketcap of $7 billion

Nvidia is anticipated to report good third-quarter earnings after the market closes on November 8, 2012.

The consensus estimate is currently 30 cents a share, an improvement of 1 cent (3.3%) from 29 cents during the same period last year. Analysts' estimates this quarter range from 22 cents, to a high of 32 cents per share.

Analysts are more or less side stepping this one like a politician dancing the Washington two-step. A hold can mean everything from "I want to rate it a sale, but that would not be good for business", to "I have no clue". 24 out of 39 rate this a hold. 14 recommend this company as a buy and 1 recommend selling. Shareholders have not been rewarded for their patience, shares have fallen 21% in the last year, and the average analyst target price for Nvidia is $17.04.


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Stock Tickers: NVDA Author Disclosure: NA
Nvidia Corp