Ambarella (AMBA) Q3 Earnings and Revenues Surpass Estimates
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Ambarella (AMBA) reported Q3 earnings of $0.11 per share, surpassing the Zacks Consensus Estimate of $0.04 per share, and showing a significant improvement from a loss of $0.28 per share a year ago.
November 26, 2024 | 11:30 pm
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Ambarella reported Q3 earnings of $0.11 per share, exceeding expectations and showing a significant improvement from last year's loss.
Ambarella's earnings per share of $0.11 exceeded the Zacks Consensus Estimate of $0.04, indicating strong financial performance. This positive earnings surprise and improvement from a loss last year is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100