Scalper1 News
Chipmaker Ambarella (AMBA) late Tuesday reported better-than-expected earnings and revenue, buoyed by robust sales from key customer and action camera maker GoPro. Santa Clara, Calif.-based Ambarella reported earnings per share excluding items of 71 cents, up 184% from the year-earlier quarter and the fourth straight quarter of acceleration. Revenue jumped 73.5% to $71 million, also the fourth quarter in a row of faster growth. Analysts polled by Scalper1 News
Scalper1 News