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 30, 2023 | 12:47 pm
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NEGATIVE IMPACT
Ambarella's lower than expected Q3 revenue guidance has led to a decrease in its share price.
Ambarella's Q3 revenue guidance, which is lower than estimates, is a negative signal to investors. This has led to a decrease in demand for its shares, causing the share price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100