Ambarella Sees Q2 Revenue $60M-$64M vs $67.17M Est.
Portfolio Pulse from Benzinga Newsdesk
Ambarella expects Q2 revenue to be between $60M-$64M, lower than the estimated $67.17M.
May 30, 2023 | 8:17 pm
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NEGATIVE IMPACT
Ambarella's Q2 revenue forecast is below estimates, potentially impacting its stock price.
Ambarella's Q2 revenue forecast is lower than the estimated $67.17M, which may lead to a negative market reaction and a potential decline in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100