Nvidia's Employee Stock Deal Results In Rare Quarterly Loss

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.