Recap: Ambarella Q1 Earnings
Portfolio Pulse from Benzinga Insights
Ambarella (NASDAQ:AMBA) reported Q1 earnings with an EPS of $-0.15, beating estimates by 28.57%. However, revenue was down $28.16 million compared to the same period last year.
May 30, 2023 | 8:10 pm
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Ambarella's Q1 earnings beat estimates with an EPS of $-0.15, outperforming by 28.57%. Revenue declined by $28.16 million YoY.
Ambarella's Q1 earnings beat estimates, which is a positive sign for investors. However, the decline in revenue compared to the same period last year may offset the positive impact of the earnings beat. This mixed performance leads to a neutral short-term price direction.
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IMPORTANCE 80
RELEVANCE 100