Ambarella, Inc. (NASDAQ:AMBA) shares are trading higher Wednesday after the company posted better-than-expected second-quarter results. Here's a look at the details from the report.
The Details:
Ambarella beat analyst expectations on the top and bottom lines with quarterly losses of 13 cents per share and revenue of $63.724 million.
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“In our second quarter, we achieved record revenue for our edge AI inference products, and we are anticipating double-digit sequential growth in our total revenue for the third quarter,” said Fermi Wang, President and CEO.
“Company specific drivers are more than offsetting the mixed global economic environment. ...
