Ambarella Inc reports results for the quarter ended October 31 - Earnings Summary
Ambarella Inc AMBA.OQ reported quarterly adjusted earnings of 11 cents per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of -28 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 3 cents to 5 cents per share.
Revenue rose 63.4% to $82.65 million from a year ago; analysts expected $79.02 million.
Ambarella Inc's reported EPS for the quarter was a loss of 58 cents.
The company reported a quarterly loss of $24.07 million.
Ambarella Inc shares had risen by 19.3% this quarter and gained 9.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for Ambarella Inc is $74.00
This summary was machine generated from LSEG data November 27 at 01:01 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Oct. 31 2024 | 0.03 | 0.11 | Beat |
Jul. 31 2024 | -0.19 | -0.13 | Beat |
Apr. 30 2024 | -0.31 | -0.26 | Beat |
Jan. 31 2024 | -0.33 | -0.24 | Beat |
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