Ambarella (AMBA) Tops Q3 EPS by 8c. Guides Q4 Revenues In-Line
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Ambarella, Inc. Announces Third Quarter Fiscal Year 2018 Financial Results
November 30, 2017 4:05 PM ESTSANTA CLARA, Calif., Nov. 30, 2017 (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 2018 ended October 31, 2017.
Revenue for the third quarter of fiscal 2018 was $89.1 million, down 11.4% from $100.5 million in the same period in fiscal 2017. For the nine months ended October 31, 2017, revenue was $224.8 million, up 0.9% from $222.8 million for the nine months ended October 31, 2016.Gross margin under U.S. generally accepted accounting principles (GAAP) for the third... More