Oppenheimer Remains Sidelined on Ambarella (AMBA) Following 3Q
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Ambarella, Inc. Announces Third Quarter Fiscal Year 2017 Financial Results
December 1, 2016 4:05 PM ESTSANTA CLARA, Calif., Dec. 01, 2016 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), a leading developer of low-power, HD and Ultra HD video compression and image processing semiconductors, today announced financial results for its third quarter of fiscal year 2017 ended October 31, 2016.
Revenue for the third quarter of fiscal 2017 was $100.5 million, up 7.8% from $93.2 million in the same period in fiscal 2016. For the nine months ended October 31, 2016, revenue was $222.8 million, down 10.3% from $248.4 million for the nine months ended October 31, 2015.Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of... More