Ambarella (NASDAQ: AMBA) reported Q2 EPS of $0.37, $0.09 better than the analyst estimate of $0.28. Revenue for the quarter rose 24.6% to $47 million versus the consensus estimate of $44.7 million.

"We are delighted with our second quarter financial results," said Fermi Wang, president and CEO. "We achieved revenue of $47.0 million reflecting the success of our HD and Ultra-HD camera solutions in the expanding IP security camera, UAV and wearable sports camera markets."

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