Ambarella (AMBA) option IV elevated into quarter results and outlook

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Go back to Ambarella (AMBA) option IV elevated into quarter results and outlook

Ambarella (AMBA) gains on earnings beat, revenue growth not expected until fiscal 2025

December 1, 2023 9:39 AM EST

Ambarella (NASDAQ: AMBA) shares are trading higher in early Friday trading after the company's latest quarterly earnings beat consensus expectations.

The company reported a third-quarter loss of $0.28 per share, $0.11 better than the analyst estimate of a $0.39 loss per share. Revenue for the quarter came in at $50.6 million versus the consensus estimate of $50.01 million. Despite the beat, revenue declined by 39% compared... More