Ambarella Inc (NASDAQ:AMBA) has released its Q1 2019 results in which the company reported profits that beat Wall Street consensus estimates, and as a result, AMBA stock gained 8% on Wednesday.
Despite the macroeconomic risks that threatened the growth of the Santa Clara-based video processing chip maker, it nonetheless managed to generate profit as the company makes progress in computer vision space.
Results Beat EstimatesAmbarella’s revenue was $47 million, which was slightly more than the midpoint guidance the company gave in March. The company generated net income of $0.3 million, or EPS of ...
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