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Ambarella’s (AMBA) fourth-quarter earnings soared 162% to 68 cents a share, beating analysts’ estimates by 19 cents, as revenue surged 62% to $64.7 million, topping Wall Street forecasts of $59.4 million. It was the third straight quarter of accelerating growth for earnings and revenue. Shares of the video technology chipmaker were up 1.2% in late trading on the stock market today. Ambarella closed up 2.3% to 63.05, a new closing high. While Scalper1 News
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