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Benzinga

Business

Anusuya Lahiri

Ambarella's Inventory Rebalancing Delivers a Buying Opportunity As Demand Eases, Analysts Say While Slashing Price Targets

AMBA Ambarella Kevin Cassidy Nasdaq Gary Mobley John Vinh Quinn Bolton Samsung China

Ambarella, Inc (NASDAQ:AMBA) clocked 2% revenue growth to $80.9 million in Q2, beating the consensus. EPS of $0.20 beat the consensus.

Keybanc analyst John Vinh maintained an Overweight and lowered the price target from $120 to $100. AMBA reported in-line 2Q results and guided 3Q lower, noting its supply tightness at Samsung at 14nm, and China COVID lockdown disruptions are improving.

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Top stories on inkl right now

Tropical depression in Gulf predicted to be Atlantic season’s first hurricane

Tropical depression in Gulf predicted to be Atlantic season’s first hurricane

First hurricane of the season has not formed this late since 1905 as scientists say possible US landfall on Saturday

The Guardian - US

Texas Mum Holly Flores Accused of Stabbing Husband in Head as Two Children Found With Chest Wounds

Texas Mum Holly Flores Accused of Stabbing Husband in Head as Two Children Found With Chest Wounds

Holly Leeann Flores was arrested in Northlake after police said her husband and two young children suffered stab wounds. Investigators are examining the incident and its possible motive.

International Business Times UK

Philadelphia Eagles great Lane Johnson abruptly retires citing ‘mental health’

Philadelphia Eagles great Lane Johnson abruptly retires citing ‘mental health’

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The Guardian - US

Bar where Jane Doe says she drank before going to Cornell fraternity says it didn’t serve her

Bar where Jane Doe says she drank before going to Cornell fraternity says it didn’t serve her

‘Moonies employees strictly followed the rules and did not serve alcohol to any underaged guests,’ the bar said in a statement

The Independent UK

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Trump administration to assign government lawyers to migrant kids’ cases, worrying advocates

Trump administration to assign government lawyers to migrant kids’ cases, worrying advocates

The Trump administration is creating a team of attorneys to represent children who traveled alone to the United States in immigration proceedings, which critics say would deprive them of having lawyers who aren’t employed by the government and could put them at greater risk of deportation

The Independent UK

Colombia's president offers support to veterans extradited to US over Haitian leader's killing

Colombia's president offers support to veterans extradited to US over Haitian leader's killing

Colombian president Abelardo de la Espriella has offered legal assistance to a group of Colombian military veterans who were arrested over the 2021 killing of Haitian president Jovenel Moïse

The Independent UK

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Top stories on inkl right now

Tropical depression in Gulf predicted to be Atlantic season’s first hurricane

Tropical depression in Gulf predicted to be Atlantic season’s first hurricane

First hurricane of the season has not formed this late since 1905 as scientists say possible US landfall on Saturday

The Guardian - US

Texas Mum Holly Flores Accused of Stabbing Husband in Head as Two Children Found With Chest Wounds

Texas Mum Holly Flores Accused of Stabbing Husband in Head as Two Children Found With Chest Wounds

Holly Leeann Flores was arrested in Northlake after police said her husband and two young children suffered stab wounds. Investigators are examining the incident and its possible motive.

International Business Times UK

Philadelphia Eagles great Lane Johnson abruptly retires citing ‘mental health’

Philadelphia Eagles great Lane Johnson abruptly retires citing ‘mental health’

The six-time Pro Bowl right tackle says he is stepping away after 14 seasons to focus on his mental health and spend more time with his family

The Guardian - US

Bar where Jane Doe says she drank before going to Cornell fraternity says it didn’t serve her

Bar where Jane Doe says she drank before going to Cornell fraternity says it didn’t serve her

‘Moonies employees strictly followed the rules and did not serve alcohol to any underaged guests,’ the bar said in a statement

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Trump administration to assign government lawyers to migrant kids’ cases, worrying advocates

Trump administration to assign government lawyers to migrant kids’ cases, worrying advocates

The Trump administration is creating a team of attorneys to represent children who traveled alone to the United States in immigration proceedings, which critics say would deprive them of having lawyers who aren’t employed by the government and could put them at greater risk of deportation

The Independent UK

Colombia's president offers support to veterans extradited to US over Haitian leader's killing

Colombia's president offers support to veterans extradited to US over Haitian leader's killing

Colombian president Abelardo de la Espriella has offered legal assistance to a group of Colombian military veterans who were arrested over the 2021 killing of Haitian president Jovenel Moïse

The Independent UK

Our Picks

Have an Elmo Teether in the Freezer? Check It Before Giving It Back to Baby

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Gen Z's new American Dream: Skip the mortgage, book the flight

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A Letterboxd video featuring Megan Fox and Karyn Kusama prompted online debate about Fox's appearance, with fans challenging unsupported speculation about cosmetic procedures or health

International Business Times UK

US Schools Record Nearly 12,000 Book Bans, the Highest Ever in a Single Year, as 'Jane Eyre' and 'Lessons in Chemistry' Join the List

PEN America reports nearly 12,000 book-ban instances in US schools, a record total, as Texas overtakes Florida and AI tools enter the removal process.

International Business Times UK

Alice Zaslavsky’s shortcut beetroot baked risotto – recipe

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The Guardian - AU

Does your sleep tracker get it right? A Pittsburgh neuroscientist weighs in

On a typical night, I go to bed wearing a tracking watch on one wrist and another type of tracker on the other wrist. Then I compare their sleep findings while I drink my morning coffee.

The Conversation

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