Ambarella AMBA reported its Q1 earnings results on Tuesday, May 30, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Ambarella beat estimated earnings by 28.57%, reporting an EPS of $-0.15 versus an estimate of $-0.21.
Revenue was down $28.16 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 11.49% drop in the share price the next day.
Here's a look at Ambarella's past performance:
Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
---|---|---|---|---|
EPS Estimate | 0.14 | 0.20 | 0.19 | 0.36 |
EPS Actual | 0.23 | 0.24 | 0.20 | 0.44 |
Revenue Estimate | 83.01M | 83.02M | 80.21M | 90.05M |
Revenue Actual | 83.32M | 83.10M | 80.88M | 90.31M |
To track all earnings releases for Ambarella visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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