Ambarella (AMBA) Tops Q3 EPS by 14c

Ambarella (NASDAQ: AMBA) reported Q3 EPS of $0.68, $0.14 better than the analyst estimate of $0.54. Revenue for the quarter came in at $65.7 million versus the consensus estimate of $62.5 million.

"We are delighted with our third quarter financial results," said Fermi Wang, president and CEO. "Our products for wearable sports and IP security cameras once again delivered strong revenue growth in the quarter, while the automotive aftermarket market also increased, reflecting strength in China and Korea. We also are very pleased with our progress in newer markets, such as wearable, home security and quadcopters cameras," he said.

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

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• Investing.com’s stocks of the week
• United Community Banks sells equipment finance unit for $1.9 billion