Ambarella Q2 EPS $(0.15) Beats $(0.21) Estimate, Sales $62.12M Beat $62.05M Estimate
Portfolio Pulse from Happy Mohamed
Ambarella reported Q2 earnings per share of $(0.15), beating the analyst consensus estimate of $(0.21) by 28.57%. However, this is a 175% decrease from the same period last year. The company's quarterly sales of $62.12M also beat the estimate of $62.05M by 0.11%, but this is a 23.20% decrease from last year.
August 29, 2023 | 8:10 pm
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NEGATIVE IMPACT
Ambarella's Q2 earnings and sales beat estimates, but both are significantly down from the same period last year.
While Ambarella beat estimates for Q2, the significant YoY decreases in both earnings per share and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100