Ambarella Inc reports results for the quarter ended January 31 - Earnings Summary

• Ambarella Inc AMBA.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of -24 cents. The mean expectation of twelve analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -2 cents tozero cents per share.

• Revenue rose 62.8% to $84.02 million from a year ago; analysts expected $78.04 million.

• Ambarella Inc's reported EPS for the quarter was a loss of 48 cents​.

• The company reported a quarterly loss of $20.23 million.

• Ambarella Inc shares had risen by 1.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is "hold."

Wall Street's median 12-month price target for Ambarella Inc is $95.00

This summary was machine generated from LSEG data February 26 at 10:47 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)