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

Ambarella

30/08/2023 01:01

* Ambarella Inc  AMBA.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in July. The mean
expectation of fifteen analysts for the quarter was for a loss
of 21 cents per share.
    * Revenue fell 23.2% to $62.12 million from a year ago;
analysts
expected $62.05 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss
of 79
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.5%
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 fallen by 13.3% this quarter and
lost 11.8% so far this year.
    * The company reported a quarterly loss of $31.2 million.
    * Wall Street's median 12-month price target for Ambarella
Inc is
$90.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 30 at 12:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      -0.21          -0.15          Beat
 Apr. 30 2023      -0.21          -0.15          Beat
 Jan. 31 2023      0.14           0.23           Beat
 Oct. 31 2022      0.20           0.24           Beat