Ambarella (AMBA) Tops Q1 EPS by 13c

Ambarella (NASDAQ: AMBA) reported Q1 EPS of $0.71, $0.13 better than the analyst estimate of $0.58. Revenue for the quarter came in at $71 million versus the consensus estimate of $66.68 million.

"We enjoyed a strong first quarter with revenue up 73.5 percent from the same period last year," said Fermi Wang, president and CEO of Ambarella. "In addition to continued growth from our existing wearable, IP security and automotive video recorder camera markets, we see increased activity across a wide range of home monitoring cameras including models by U.S. service providers, as well as from quadcopters or flying cameras. We look forward to continued success, as we enable the next generation of intelligent HD and Ultra HD cameras."

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

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