16:57 NVDA NVIDIA sees FY13 revs guidance of $4.7-5.0 bln vs. $4.5 bln Capital IQ Consensus Estimate (13.18 +0.2)
It expects GAAP and non-GAAP gross margins of ~51-53%. NVIDIA further anticipates GAAP operating expenses of $1.54 billion to $1.61 bln, and non-GAAP operating expenses of $1.38 billion to $1.43 bln . Non-GAAP operating expenses are expected to exclude stock-based compensation expense, amortization of acquisition-related intangible assets and other acquisition-related costs. Co said, “We see growth across our entire GPU and mobile-processor business,” said Jen-Hsun Huang, NVIDIA president and chief executive officer. “The future for computing is visual and mobile, and we are well positioned to lead in this new era.”
16:16 ALTR Altera revises down third quarter sales guidance (34.86 +0.11)
Co currently expects third quarter sales to be in the range of down 3 percent to up 1 percent versus second quarter sales. Previous guidance was for sales growth of 2 percent to 6 percent. Current consensus calls for a 4% increase.