Ambarella, Inc. (AMBA) just released its fourth-quarter fiscal 2017 financial results, posting GAAP earnings of $0.53 per share and revenues of $87.5 million. Currently, AMBA is a Zacks Rank #4 (Sell), and is down 4.24% to $56.45 in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company reported GAAP earnings of 53 cents per share diluted share. On a non-GAAP basis, Ambarella reported earnings of 92 cents per share, which surpassed Street estimates that called for non-GAAP earnings of 74 cents per share.
Beat revenue estimates. The company saw revenue figures of $87.5 million, beating our consensus estimate of $86 million.
Fourth-quarter revenues were up 29% year-over-year, but full-year revenue for fiscal 2017 came in at $310.3 million, down 1.9% year-over-year.
First-quarter fiscal 2018 revenues are expected to be between $62.5 million and $64.5 million. This is well below our current consensus estimate of $71.86 million.
“Looking forward, we will continue to invest in computer vision technology, automotive solutions, and advanced 10nm process nodes, as we believe these efforts will provide significant additional opportunities for success in the future,” said Ambarella CEO Fermi Wang.
Here’s a graph that looks at AMBA’s latest earnings performance:
Ambarella, Inc. Price, Consensus and EPS Surprise
Ambarella, Inc. Price, Consensus and EPS Surprise | Ambarella, Inc. Quote
Ambarella, Inc. develops video compression and image processing semiconductors. The Company's products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems.
Check back later for our full analysis on AMBA’s latest earnings report!
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