Ambarella Inc. shares dropped in the extended session Tuesday after the video chip maker’s forecast fell well short of Wall Street expectations. Ambarella...
Ambarella Inc.
shares dropped in the extended session Tuesday after the video chip maker’s forecast fell well short of Wall Street expectations. Ambarella shares fell as much as 15% after hours, following a 4.5% gain in the regular session to close at $75.78, after the Santa Clara, Calif.-based company forecast revenue between $48 million and $52 million in the third quarter, while analysts surveyed by FactSet had forecast revenue of $67.9 million. Ambarella reported a second-quarter loss of $31.
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