Ambarella Earnings, Outlook Boom On GoPro, Cop Cams

By | December 4, 2014

Scalper1 News

Video technology chipmaker Ambarella crushed third-quarter earnings estimates and gave bullish sales guidance late Thursday, as it benefits from a booming market for action cameras and the prospects for a huge potential market for cop cameras. The Santa Clara, Calif.-based firm, which supplies chips to action-camera maker GoPro (GPRO), reported Q3 earnings per share excluding items of 68 cents, up 84% from a year earlier. Sales Scalper1 News

Scalper1 News