Investing.com - Ambarella reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambarella announced earnings per share of $0.24 on revenue of $83.1M. Analysts polled by Investing.com EPS of $0.20 on revenue of $83.02M.
Ambarella 's are down 63% and is trading at $75.69 , still down 67.52% from its 52 week high of $227.59 set on Wednesday, December 1, 2021.
Ambarella shares gained 2.38% to trade at $75.69 in after-hours trade the report.
Ambarella follows other major Information Technology sector earnings this month
Ambarella's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, for EPS of $0.84 on revenue of $13.29B.
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