Sponsored By
Nvidia's Employee Stock Deal Results In Rare Quarterly Loss
Nvidia reported Q3 results after the market closed today, announcing an 18% increase in revenues, to $430.3 million.
1 Min Read
![](https://eu-images.contentstack.com/v3/assets/blt740a130ae3c5d529/bltba62518415cda0e2/652fe6ddbc479f8697ef691f/default-cubic.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
The company posted a rare loss for the quarter, however, due to its earlier decision to swap out thousands of underwater stock options held by employees for new options. That cost the company $61.8 million in the quarter, and resulted in a $48.6 million net loss (32 cents per share). Last year in Q3 Nvidia posted net income of $41.3 million (24 cents per share). Nvidia shares closed at $14.55 today, down $1.63 (10.07%) on the day.
About the Author
Daily news, dev blogs, and stories from Game Developer straight to your inbox
You May Also Like