Ambarella: Fiscal Q4 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 06:48 PM ET
Last Updated - Jun 22, 2023, 06:52 PM EDT
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Ambarella Inc. (AMBA) on Tuesday reported a loss of $11.1 million in its fiscal fourth quarter.
The Santa Clara, California-based company said it had a loss of 29 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The video-compression chipmaker posted revenue of $83.3 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $83 million.
