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Benzinga

Business

Dylan Berman

Ambarella Stock Is Trading Higher Friday: What's Going On?

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Ambarella, Inc. (NASDAQ:AMBA) stock is trading higher Friday after the company reported better-than-expected second quarter earnings per share and sales and guided third quarter sales above estimates on Thursday after the market closed.

What To Know: The company posted adjusted earnings per share of 15 cents, beating the consensus estimate of 5 cents. In addition, Ambarella reported sales of $95.51 million, beating the consensus estimate of $90.01 million and representing a 50% year-over-year increase.

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