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Thursday, August 29, 2019

Ambarella (AMBA) reported earnings on Thur 29 Aug 2019 (a/h)

** charts after earnings **


 Ambarella beats by $0.19, beats on revs; guides OctQ revs above consensus

  • Reports Q2 (Jul) earnings of $0.21 per share, excluding non-recurring items, $0.19 better than the S&P Capital IQ Consensus of $0.02; revenues fell 9.7% year/year to $56.4 mln vs the $52.0 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for Q3 (Oct), sees Q3 revs of $63-67 mln vs. $55.4 mln S&P Capital IQ Consensus.
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