Ambarella (AMBA) Tops Q3 EPS by 12c, Revenues Beat; Offers Q4 Revenue Mid-Point Guidance Above Consensus
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Ambarella, Inc. Announces Third Quarter Fiscal Year 2020 Financial Results
November 25, 2019 4:05 PM ESTSANTA CLARA, Calif., Nov. 25, 2019 (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 2020 ended October 31, 2019.
Revenue for the third quarter of fiscal 2020 was $67.9 million, up 18.6% from $57.3 million in the same period in fiscal 2019. For the nine months ended October 31, 2019, revenue was $171.5 million, down 2.9% from $176.7 million for the nine months ended October 31, 2018.Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of... More