Ambarella (AMBA) Tops Q3 EPS by 12c, Q4 Revenue Guidance Misses

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Ambarella, Inc. Announces Third Quarter Fiscal Year 2019 Financial Results

November 29, 2018 4:05 PM EST

SANTA CLARA, Calif., Nov. 29, 2018 (GLOBE NEWSWIRE) -- Ambarella, Inc.  (NASDAQ: AMBA), a leading developer of low-power and high-resolution human and computer vision solutions, today announced financial results for its third quarter of fiscal year 2019 ended October 31, 2018.

Revenue for the third quarter of fiscal 2019 was $57.3 million, down 35.7% from $89.1 million in the same period in fiscal 2018. For the nine months ended October 31, 2018, revenue was $176.7 million, down 21.4% from $224.8 million for the nine months ended October 31, 2017.Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of... More