Ambarella Posts Its Biggest Quarterly EPS Beat Since Going Public
Posted on December 10th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on Ambarella Posts Its Biggest Quarterly EPS Beat Since Going Public
Ambarella Posts Its Biggest Quarterly EPS Beat Since Going Public
My article on Ambarella (AMBA) for Seeking Alpha
Ambarella (NASDAQ:AMBA), the $1.65B video technology developer of automotive, sports, broadcast, wearable, and security/surveillance camera chips, shares are up over 60% year-to-date. On Thursday, the company announced Q3 EPS of $0.68 per share vs. the Wall Street consensus estimate of $0.54 per share (83.8% year-over-year increase) and revenue of $65.70M vs. the $62.66M estimate (42.8% year-over-year increase). Since going public in late 2012, Ambarella has posted nine consecutive quarterly earnings beats by at least $0.04 per share. The latest $0.14 EPS beat marked the biggest blow out quarter in the company’s history…Click here to read the rest of the article.
