Ambarella Seesaws After Strong Q3, Cautious Guidance

By | December 6, 2013

Scalper1 News

Video chipmaker Ambarella (AMBA) got a short-lived bump in the stock market today after its fiscal Q3 results released late Thursday beat estimates, but its more cautious guidance seemed to dampen a rally. The maker of chips used in the GoPro sports camera and other products posted earnings of 37 cents a share for the quarter ended Oct. 31, up 23% from the year-earlier quarter and beating estimates by 8 cents. Revenue rose 29% to $46 million, Scalper1 News

Scalper1 News