SAN FRANCISCO (Reuters) - Graphics chipmaker Nvidia Corp posted a wider-than-expected quarterly loss as revenue plunged 60 percent, sending its shares down 7 percent in extended trade.
NVIDIA (NVDA.NQ)posted a net loss of $147.6 million, or 27 cents a share, for its fiscal fourth quarter ended January 25, compared to a net profit of $257 million, or 42 cents a share, in the year-ago period.
Revenue tumbled to $481.1 million from $1.2 billion, below Wall Street's view of $491.3 million, according to Reuters Estimates.
Excluding special items, Nvidia's loss per share was 18 cents, wider than the average analyst forecast for an 11 cents loss per share.
Nvidia had warned investors in January that sales in the quarter would be significantly weaker than its initial expectations, due to weak demand for personal computers, which use its graphics processors, and inventory reductions among its customers.
Shares of Nvidia fell 7.2 percent to $8.65 in after hours trading.
(Reporting by Alexei Oreskovic; Editing by Bernard Orr)
