Ambarella (AMBA) Tops Q2 EPS by 8c
Ambarella (NASDAQ: AMBA) reported Q2 EPS of $0.88, $0.08 better than the analyst estimate of $0.80. Revenue for the quarter came in at $84.2 million versus the consensus estimate of $81.73 million.
"We enjoyed a very strong second quarter, with a year-over-year revenue increase of 79.3 percent," said Fermi Wang, president and CEO of Ambarella. "Revenue from our existing wearable, IP security and automotive video recorder camera markets grew significantly in the quarter, and we saw solid growth from drones or flying cameras. We also closed on the purchase of VisLab S.r.l., which adds a strong development team as well as advanced intellectual property in computer vision technology. We look forward to continued success, as Ambarella enables the next generation of intelligent HD and Ultra HD cameras."
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