Benzinga | Sep 2, 2020 04:19PM EDT

Ambarella Q2 EPS $0.06 Beats $(0.02) Estimate, Sales $50.11M Beat $50.03M Estimate

Ambarella (NASDAQ:AMBA) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.02) by 400 percent. This is a 71.43 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $50.11 million which beat the analyst consensus estimate of $50.03 million by 0.17 percent. This is a 11.16 percent decrease over sales of $56.41 million the same period last year.