tldrdaily.news logo
Tag

Ambarella

All articles tagged with #ambarella

business6 months ago

Stock Markets Rise on Middle East Ceasefire Hopes and Oil Price Drop

The stock market experienced significant gains with the Dow Jones rising over 500 points and the Nasdaq leading, amid geopolitical tensions and Federal Reserve comments on interest rates. Key stocks like Ambarella surged following news of a potential sale, while Powell emphasized holding interest rates steady. The market also saw strong performances from cruise lines and tech IPOs, with economic data showing a decline in consumer confidence.

via Investor's Business Daily|
#ambarella#business#dow-jones
business2 years ago

"HPQ, BOX, and AMBA: After-Hours Stock Movements and Ambarella's Q2 Fiscal Year 2024 Results"

Box's stock fell 7% after hours following a mixed second-quarter report, with revenue in line with estimates but weak guidance for the current quarter and full-year revenue. Semiconductor maker Ambarella slid nearly 14% despite beating expectations in the second quarter, as soft current-quarter guidance disappointed investors. HP dropped 5.6% in extended trading after its fiscal third-quarter revenue fell short of Wall Street estimates. Hewlett Packard Enterprise retreated about 1% despite narrowly beating expectations in its fiscal third quarter. Calvin Klein parent PVH climbed 2.6% on the back of a strong financial report, surpassing earnings per share and revenue forecasts while raising its outlook for the year.

via CNBC|
#ambarella#box#business
business2 years ago

Ambarella's Weak Sales Outlook Impacts AMBA Stock

Ambarella, a computer-vision chipmaker, reported better-than-expected earnings for its fiscal second quarter but gave a weak sales outlook for the current quarter, causing its stock to plummet. The company expects sales of $50 million for the third quarter, significantly below Wall Street's estimate of $67.9 million. Ambarella attributes the challenging environment to customers aggressively reducing inventory and weak end-market demand. The company anticipates inventory levels to normalize by year-end and aims to return to growth in the next fiscal year.

via Investor's Business Daily|
#amba-stock#ambarella#business