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

Ambarella

28/02/2023 22:42

* Ambarella Inc  AMBA.OQ  reported quarterly adjusted
earnings of
23 cents​​ per share for the quarter ended in January. The mean
expectation of sixteen analysts for the quarter was for earnings
of 14 cents per share.
    * Revenue fell 7.7% to $83.32 million from a year ago;
analysts
expected $83.01 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss
of 29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 35.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ambarella Inc shares had risen by 12.4% this quarter.
    * The company reported a quarterly loss of $11.11 million.
    * Wall Street's median 12-month price target for Ambarella
Inc is
$98.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
28 at 10:42 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2023      0.14           0.23           Beat
 Oct. 31 2022      0.20           0.24           Beat
 Jul. 31 2022      0.19           0.20           Beat
 Apr. 30 2022      0.37           0.44           Beat