Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results
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Ambarella (AMBA) stock leaps 11% as revenue and Q1 guidance meet expectations
February 28, 2024 6:54 AM ESTShares of Ambarella (NASDAQ: AMBA) popped 11% in premarket trading Wednesday after the semiconductor maker offered an FQ1 2025 revenue guidance that surpassed analyst expectations at the midpoint.
For the fiscal Q4 2024, the company reported a loss per share of $0.24, surpassing better than the loss per share of $0.33 expected by analysts. Revenue came in at $51.6 million, almost in line with the consensus projection of $51.62 million.
For the... More
Ambarella (AMBA) PT Raised to $75 at Northland
February 28, 2024 6:48 AM ESTNorthland analyst Gus RichardGus RIchard raised the price target on Ambarella (NASDAQ: AMBA) to $75.00 (from $70.00) while maintaining a Outperform rating.
The analyst comments "AMBA reported a solid quarter and beating the bottom line on lower OPEX. We believe the bottom of the... More
Ambarella (AMBA) Tops Q4 EPS by 9c
February 27, 2024 4:10 PM ESTAmbarella (NASDAQ: AMBA) reported Q4 EPS of ($0.24), $0.09 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $51.6 million versus the consensus estimate of $51.62 million.
GUIDANCE:
Ambarella sees Q1 2025 revenue of $52-56 million, versus the... More
