Ambarella Q4 2024 Adj EPS $(0.24) Beats $(0.33) Estimate, Sales $51.62M Beat $51.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ambarella reported Q4 2024 adjusted EPS of $(0.24), surpassing the $(0.33) estimate, with sales of $51.62M also beating the $51.55M estimate. This represents a 38.05% decrease in sales compared to the same period last year.
February 27, 2024 | 9:36 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ambarella's Q4 2024 earnings surpassed estimates with an adjusted EPS of $(0.24) and sales of $51.62M, indicating a potential positive short-term impact on its stock.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. However, the significant year-over-year sales decrease might temper some of the positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100