Ambarella (AMBA) Tops Q1 EPS by 5c; Guides Q2 Revenues Below the Street

Ambarella (NASDAQ: AMBA) reported Q1 EPS of ($0.15), $0.05 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $62.1 million versus the consensus estimate of $61.99 million.

GUIDANCE:

Ambarella sees Q2 2024 revenue of $60-64 million, versus the consensus of $67.17 million.

For earnings history and earnings-related data on Ambarella (AMBA) click here.

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Worried the AI trade has gone too far? Evercore likes these 4 stocks
• Sun Communities names Ileana McAlary as general counsel and EVP