Ambarella Inc. shares fell in the extended session Tuesday after the video component maker’s outlook fell short of expectations despite a better-than-feared...
Ambarella Inc. shares AMBA fell in the extended session Tuesday after the video component maker’s outlook fell short of expectations despite a better-than-feared loss on the quarter. Ambarella shares dropped more than 10% after hours, following a 5.4% rise in the regular session to close at $81.96. The Santa Clara, Calif.-based company said it expects revenue between $60 million and $64 million in the second quarter, while analysts surveyed by FactSet had forecast revenue of $66.9 million.
4% rise in the regular session to close at $81.96. The Santa Clara, Calif.-based company said it expects revenue between $60 million and $64 million in the second quarter, while analysts surveyed by FactSet had forecast revenue of $66.9 million. Ambarella reported a first-quarter loss of $35.9 million, or 91 cents a share, compared with a loss of $10.8 million, or 29 cents a share, in the year-ago period.
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