Ambarella Suffers GoPro ‘Growing Pains,’ Stock Dives

By | September 2, 2015

Scalper1 News

Ambarella (AMBA) stock gapped down by double digits Wednesday after the GoPro (GPRO) sports camera chipmaker a day earlier guided its fiscal Q3 revenue below Wall Street’s forecast. The consensus of 13 analysts polled by Thomson Reuters modeled $92.3 million for Q3 revenue. Ambarella sees $91.5 million at the midpoint of its guidance range, which would still be up 39%. After Ambarella’s Q2 earnings conference call with analysts late Tuesday, the Scalper1 News

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