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-0.00348128807658826 -0.00500435161009567 -0.0134899912967798 -0.0121845082680591 -0.00391644908616187 -0.00130548302872052 -0.000870322019147066 0.000870322019147066
Stock impact report

Ambarella stock rallies after surprise Q1 adjusted profit [MarketWatch]

Ambarella, Inc. - Ordinary Shares (AMBA) 
Last ambarella, inc. - ordinary shares earnings: 3/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ambarella.com/investor-relations
Company Research Source: MarketWatch
Ambarella stock rallies after surprise Q1 adjusted profit Shares of Ambarella Inc. AMBA, +4.30% rose more than 7% in the extended session Tuesday after the Silicon Valley company, a maker of components for cameras and a supplier for GoPro Inc., swung to a surprise adjusted profit in the fiscal 2020 first quarter. Ambarella said it lost $17.3 million, or 53 cents a share, in the quarter, compared with a loss of $10 million, or 30 cents a share, in the same year-ago period. Adjusted for one-time items, the company earned $300,000, or a penny a share, compared with earnings of $4.5 million, or 13 cents a share, a year ago. Revenue fell 17% to $47.2 million, compared with $56.9 million a year ago. Analysts polled by FactSet had expected an adjusted loss of 55 cents a share on sales of $47 million. Ambarella had ended the regular trading session up 4.3%. The company guided for revenue between $51 million and $53 million for the second quarter. Show less Read more
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