Ambarella, Inc. Announces Second Quarter Fiscal Year 2023 Financial Results
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Ambarella (AMBA) PT Lowered to $104 at Jefferies
August 31, 2022 8:58 AM EDTJefferies analyst David Kelley lowered the price target on Ambarella (NASDAQ: AMBA) to $104.00 (from $122.00) while maintaining a Buy rating following earnings.
The analyst commented, "2Q adj. EPS of $0.20 was below our est. of $0.22, but modestly above consensus of $0.19. Midpoint of 3Q sales guide tracked below... More
Ambarella (AMBA) Tops Q2 EPS by 1c
August 30, 2022 4:08 PM EDTAmbarella (NASDAQ: AMBA) reported Q2 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $80.9 million versus the consensus estimate of $80.19 million.
GUIDANCE:
Ambarella sees Q3 2023 revenue of $81-85 million, versus the consensus of $85... More
