Ambarella (AMBA) Tops Q2 EPS by 16c; Issues Q3 Outlook

September 1, 2016 4:21 PM EDT
Get Alerts AMBA Hot Sheet
Trade AMBA Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Ambarella (NASDAQ: AMBA) reported Q2 EPS of $0.54, $0.16 better than the analyst estimate of $0.38. Revenue for the quarter came in at $65.1 million versus the consensus estimate of $64.28 million.

GUIDANCE:

Ambarella sees Q3 2017 revenue of $95-99 million, versus the consensus of $95.6 million.

The company also offered the following guidance commentary:

  • Gross margin on a non-GAAP basis is expected to be between 63.5% and 65.0%
  • Operating expenses on a non-GAAP basis are expected to be between $25.0 million and $26.5 million
  • Effective tax rate on a non-GAAP basis is expected to be between 11.5% and 12.5%
  • Annual revenue for fiscal 2017 is expected to be flat to down 5% compared to fiscal 2016, consistent with previous guidance.

For earnings history and earnings-related data on Ambarella (AMBA) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance

Related Entities

Earnings

Add Your Comment