Ambarella shares are trading lower after the company reported Q1 financial results and issued Q2 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Ambarella reported Q1 financial results and issued Q2 revenue guidance below estimates, causing its shares to trade lower.
May 31, 2023 | 12:14 pm
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Ambarella's shares are trading lower due to disappointing Q1 financial results and Q2 revenue guidance below estimates.
Ambarella's Q1 financial results and Q2 revenue guidance were below expectations, which is likely to negatively impact the stock price in the short term as investors react to the disappointing performance and outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100