Ambarella Q1 EPS $(0.15) Beats $(0.21) Estimate, Sales $62.14M Beat $62.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ambarella reported Q1 losses of $(0.15) per share, beating the $(0.21) estimate, and sales of $62.14M, beating the $62.01M estimate. This represents a 134.09% decrease in earnings and a 31.19% decrease in sales compared to the same period last year.
May 30, 2023 | 8:16 pm
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Ambarella's Q1 results show better-than-expected losses and sales, but significant YoY decreases in both earnings and sales.
Ambarella's Q1 results beat analyst estimates, which could be seen as positive news. However, the significant year-over-year decreases in both earnings and sales may offset any potential gains, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100