GoPro Chipmaker Ambarella Smashes Q2 Expectations

By | September 1, 2015

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GoPro sports camera chipmaker Ambarella reported Q2 revenue late Tuesday that beat Wall Street forecasts, and earnings more than doubled. But Ambarella (AMBA) stock continued a nose-dive in after-hours trading Tuesday, after CFO George Laplante guided to flat wearable camera revenue for Q3 during the company’s earnings conference call. And the company’s fiscal Q3 revenue outlook lagged analyst estimates. Ambarella stock was down Scalper1 News

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