Ambarella Stock Soars 20% on Narrower-Than-Expected Q2 Loss

Ambarella (AMBA) shares were trading more than 20% higher during the pre-market session today as the company reported a narrower-than-expected loss for the second quarter of fiscal 2025. It reported a non-GAAP loss of 13 cents per share for the quarter, narrower than the Zacks Consensus Estimate of a loss of 19 cents.The bottom-line result also compared favorably with the year-ago quarter’s non-GAAP loss of 15 cents per share. The improvement was due to higher revenues and prudent expense management actions ...