Ambarella Guides Q1 Up, Notes Xiaomi Action Cameras

By | March 3, 2015

Scalper1 News

Ambarella’s Q4 revenue and earnings soared late Tuesday as it capitalized on growing demand for chips that enable drones, wearables as well as security and automotive cameras to take high-definition video. The Santa Clara, Calif.-based company, which provides video processor chips to camera makers such as GoPro (GPRO), reported a 161.5% increase in earnings per share excluding items to 68 cents, beating analysts’ expectations Scalper1 News

Scalper1 News