Benzinga | Jun 1, 2021 04:18PM EDT

Ambarella Q1 Adj. EPS $0.23 Beats $0.17 Estimate, Sales $70.10M Beat $68.61M Estimate

Ambarella (NASDAQ:AMBA) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.17 by 35.29 percent. This is a 475 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $70.10 million which beat the analyst consensus estimate of $68.61 million by 2.17 percent. This is a 28.28 percent increase over sales of $54.65 million the same period last year.