Ambarella shares are trading lower after the company issued Q3 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Ambarella has issued Q3 revenue guidance that is below estimates, causing its shares to trade lower.
August 29, 2023 | 8:25 pm
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NEGATIVE IMPACT
Ambarella's stock is trading lower due to the company's Q3 revenue guidance being below estimates.
Ambarella's Q3 revenue guidance, which is lower than expected, is a negative signal to investors. This could lead to a decrease in demand for the stock, causing its price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100