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Ambarella stock rose Wednesday after the video-camera chipmaker late Tuesday posted fiscal first-quarter earnings that beat analyst expectations and gave an in-line current-quarter sales outlook. Santa Clara, Calif.-based Ambarella (AMBA) earned 25 cents per share excluding items on sales of $40.9 million for the quarter ended April 30. Year-over-year growth was 19% for EPS and 21% for sales. Analysts polled by Thomson Reuters expected Ambarella Scalper1 News
Scalper1 News