Monday, September 4, 2017

Ambarella Inc. (AMBA) Dropped To A New Low On Guidance News

Ambarella Inc. (AMBA) reported second quarter non-GAAP EPS of $0.48 after the close Thursday, down from $0.54 last year. Analysts expected EPS of $0.44. The company announced in its conference call that its full year results will be negatively impacted by a drop in revenues from drones.

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