Nvidia reports a loss
Graphic card manufacturer Nvidia has posted a loss in the most recent quarter.
This is a worse performance from the company as anticipated by the market analysts.
The company reported that their revenues went down by around 60% due to weak demand in the market.
Nvidia posted a net loss of $147.6 million, or 27 cents a share, for its fiscal fourth quarter.
This is down from profits of $257 million in the same period last year.
Revenues for the company were down to $481.1 million from $1.2 billion.
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