Ambarella Q1 Adj. Profit Tops View - Quick Facts

(RTTNews) - Ambarella, Inc. (AMBA) posted first-quarter net income of $5.3 million, or $0.17 per share, compared to $4.7 million, or $0.16 per share in the same period last year.

Adjusted earnings for the latest first-quarter were $7.8 million, or $0.25 per share, up from $6.2 million, or $0.21 per share in the prior year period. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 21% to $40.92 million from $33.94 million last year, while seven analysts expected revenues of $40.00 million.