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What Look for in Ambarella Earnings

Ambarella Inc. (NASDAQ: AMBA) is set to report its most recent financial results after the markets close on Thursday. This company is largely tied to GoPro Inc. (NASDAQ: GPRO) as one of its key suppliers, and these earnings seem to move in tandem. Last month, GoPro reported a net loss but solid guidance for the full year. Considering GoPro’s earnings were mixed, it might be a tough call to say where Ambarella is going, but investors were fairly positive at the time for GoPro.

Thomson Reuters has consensus estimates of $0.38 in earnings per share (EPS) on $64.28 million in revenue for Ambarella. In the fiscal second-quarter of last year, it posted EPS of $0.88 and $84.19 million in revenue.

The proliferation of smart devices and...