Ambarella Inc. (AMBA) reported third quarter non-GAAP EPS of $0.75 after the bell Thursday, down from $1.11 a year ago. The consensus estimate was for EPS of $0.67.
Ambarella gapped open higher Friday and climbed during the first hour of trade. The stock was range-bound for the rest of the session and closed up by 7.76 at $62.03 with volume at a 3-month high. Ambarella climbed to a 6-month high.
by RTT Staff Writer
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