Ambarella Inc reports results for the quarter ended in April - Earnings Summary

Ambarella

31/05/2023 11:09

* Ambarella Inc  AMBA.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in April. The mean
expectation of sixteen analysts for the quarter was for a loss
of 21 cents per share.
    * Revenue fell 31.2% to $62.14 million from a year ago;
analysts
expected $62.01 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss
of 91
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ambarella Inc shares had risen by 5.9% this quarter and
lost 0.3% so far this year.
    * The company reported a quarterly loss of $35.9 million.
    * Wall Street's median 12-month price target for Ambarella
Inc is
$95.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
31 at 10:08 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      -0.21          -0.15          Beat
 Jan. 31 2023      0.14           0.23           Beat
 Oct. 31 2022      0.20           0.24           Beat
 Jul. 31 2022      0.19           0.20           Beat