On Tuesday 27th August 2024, investors and market participants can expect the release of Ambarella (NASDAQ: AMBA) second quarter financial results. This crucial announcement will be made after market close.
In accordance with the forecasts of financial specialists on Wall Street, the business is primed to announce an anticipated $0.19 loss per share for the quarter. Additionally, the company is projected to reveal a total revenue of $62.1 million for this particular period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share loss of $0.15.
The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $250.69 million for the full year. Moreover, they anticipate the bottom line to reach loss of $0.77 during the fiscal year.
AMBA will host a conference call with investment community on 27th August 2024 at 04:30 PM eastern time to discuss the financial results.
Ambarella (AMBA) closed Friday's regular trading session at $49.87, demonstrating a 3.34 percent rise, with a volume of 608.60 thousand shares.
