Ambarella, pointing to new opportunities for the wearable, security and other high-definition cameras that use its chips, late Thursday posted fiscal Q2 earnings that easily topped Wall Street expectations. Ambarella (AMBA) reported earnings per share excluding items of 37 cents for the three months ending July 31, up 42% from the year-earlier quarter, on $47 million in revenue, up 24.6%. Analysts polled by Thomson Reuters had been modeling 28
Expectations are sky-high for Apple’s fall product unveiling on Tuesday, and some investors are experiencing vertigo. Apple (AAPL) stock hit a record high of 103.74 on Tuesday, up 38% since the company reported its fiscal second-quarter results on April 23. But Apple shares swooned over 4% Wednesday after Pacific Crest Securities recommended investors take profits in the stock ahead of next week’s event. And the stock fell 0.8% on Thursday, to
SolarCity (SCTY) announced Thursday it will expand in seven states by opening 20 regional operations centers by year-end, heating up its stock. The San Mateo, Calif.-based company, which installs rooftop solar panels for businesses and homeowners and went public in 2012, will open new centers in Arizona, California, Delaware, Maryland, Massachusetts, Nevada and New York. The new locations will reduce operations costs by decreasing service and