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

• Ambarella Inc AMBA.OQ reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of twelve analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 9 cents per share.

• Revenue rose 49.9% to $95.51 million from a year ago; analysts expected $90.01 million.

• Ambarella Inc's reported EPS for the quarter was a loss of 47 cents​.

• The company reported a quarterly loss of $20 million.

• Ambarella Inc shares had risen by 8.9% this quarter and lost 1.1% so far this year.

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 8 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Ambarella Inc is $80.00, about 11.7% above its last closing price of $70.63

This summary was machine generated from LSEG data August 29 at 12:01 a.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)