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Nvidia reported Q3 results after the market closed today, announcing an 18% increase in revenues, to $430.3 million.

Game Developer, Staff

November 7, 2002

1 Min Read

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.

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