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Nvidia forecasts, fourth-quarter revenue below estimates

FILE PHOTO: The nVIDIA booth will be shown at E3 2017 And the Electronic Entertainment Expo in Los Angeles, California, USA, June 13, 2017. REUTERS/ Mike Blake

(Reuters) – Nvidia Corp forecast fourth-quarter revenue below Wall Street estimates on Thursday, hurt by seasonal weakness in the demand for and the game cards used in personal computers and laptops.

The graphics-chip specialist said it expects fourth-quarter revenue of $2.95 billion, plus or minus 2%, while analysts on average had expected revenue of $3.06 billion, according to IBES data, Refinitiv.

Total revenues decreased 5% to $3.01 billion, missing the expectation of $2.91 billion.

Reporting Munsif Vengattil in Bengaluru; Editing by Arun Koyyur

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