Ambarella (AMBA) Q1 Earnings and Revenues Top Estimates

Ambarella (AMBA) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of$ 0.04 per share. This compares to loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this video-compression chipmaker would post a loss of$ 0.01 per share when it actually produced earnings of $0.11, delivering a surprise of 1,200%.Over the last four quarters, the com ...