Ambarella Earnings Top Q1 Views; AMBA Stock Falls Late
Summary
Video-processing chipmaker Ambarella (AMBA) late Tuesday beat Wall Streets targets for its fiscal first quarter. But the Ambarella earnings report sent AMBA stock lower in extended trading. The Santa Clara, Calif.-based company earned an adjusted 4 cents a share on sales of $54.6 million in the quarter ended April 30. Ambarella makes image-processing chips for security cameras, automotive vision systems and other devices. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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Ambarella
$250M to $500M