Why Ambarella Stock Crashed 17% Today
Analysts had forecast Ambarella would report a $0.21-per-share (adjusted) loss on sales of $62 million. As it turned out, Ambarella lost only $0.15 per share, and sales beat expectations, coming in at $62.1 million. Ambarella may have beaten expectations for sales in its fiscal Q1 -- but those sales were still abysmal.