Ambarella Powers Forward Despite Continued Macroeconomic Strife
Ambarella (NASDAQ: AMBA) released better-than-expected fiscal third-quarter 2020 results after the market closed on Monday, notably including a return to top-line growth with the help of an early ramp up in shipments of its newest computer vision chips. Though shares of the video-processing chip leader initially rallied as much as 6.4% Tuesday morning in response, the stock quickly gave up its gains to close down more than 7% on Tuesday despite its relative outperformance.
Let's take a closer look at what Ambarella had to say, starting with how its headline numbers fared compared to the same year-ago period:
Revenue
Source Fool.com
