NewsFeeder
03-05-2019, 04:00 PM
Ambarella stock rises after earnings beat
Ambarella Inc. shares rose more than 6% in the extended session Tuesday after the company beat earnings expectations. The semiconductor company reported fourth-quarter net losses of $4.5 million, or 14 cents a share, compared with $1.3 million, or 4 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and taxes-related charges, earnings were 14 cents a share, compared with 47 cents a share in the year-ago quarter. Revenue fell to $51.1 million from $70.6 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 4 cents a share on revenue of $50.9 million. For the first quarter, analysts expect earnings of zero cents a share and sales of $50.2 million. The company said it is modeling revenue of $47 million with a margin of error of 3%. Ambarella stock dropped 19% in the past year, with the S&P 500 index rising 2.6%.
https://finance.yahoo.com/m/f0404ac1-c9be-3ad7-a344-d7e34cd468d2/ambarella-stock-rises-after.html?.tsrc=rss
Ambarella Inc. shares rose more than 6% in the extended session Tuesday after the company beat earnings expectations. The semiconductor company reported fourth-quarter net losses of $4.5 million, or 14 cents a share, compared with $1.3 million, or 4 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and taxes-related charges, earnings were 14 cents a share, compared with 47 cents a share in the year-ago quarter. Revenue fell to $51.1 million from $70.6 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 4 cents a share on revenue of $50.9 million. For the first quarter, analysts expect earnings of zero cents a share and sales of $50.2 million. The company said it is modeling revenue of $47 million with a margin of error of 3%. Ambarella stock dropped 19% in the past year, with the S&P 500 index rising 2.6%.
https://finance.yahoo.com/m/f0404ac1-c9be-3ad7-a344-d7e34cd468d2/ambarella-stock-rises-after.html?.tsrc=rss