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Ambarella Posts Solid Earnings Beat

Ambarella, Inc. (NASDAQ: AMBA) released fiscal third-quarter earnings report after markets closed on Thursday. The company posted $1.11 in earnings per share (EPS) and $100.5 million in revenue. The consensus estimates from Thomson Reuters called for $0.94 in EPS and $97.3 million in revenue. The same period from last year had $1.08 in EPS and $93.2 million in revenue.

Gross margin for the fiscal third quarter was 66.3%, versus 65.9% for the same period in fiscal 2016. This has been more or less in line with the gross margin numbers...


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