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
GoPro (GPRO) chipmaker Ambarella (AMBA) is expected to blow past its year-earlier quarter when it reports its fiscal Q2 earnings after the close Tuesday. The consensus of 13 analysts polled by Thomson Reuters sees Ambarella posting earnings of 81 cents per share minus items, up 119% from the year-earlier quarter, on $81.7 million in revenue, up 74%. Wall Street’s revenue forecast is generally in line with Ambarella’s guidance, three months ago, of
With stocks showing a volatility that hasn’t been seen in several years and bears saying, “I told you so,” investors in need of positive news can look to Ambarella (AMBA), Sucampo Pharmaceuticals (SCMP), D.R. Horton (DHI) and Illumina (ILMN), who have seen analysts raise their earnings estimates. Let’s take a look: Ambarella Earnings Due Tuesday Ambarella, which reports second-quarter earnings on Tuesday, is looking to continue its hot streak of