Ambarella (NASDAQ: AMBA): Q3 2020 Earnings Snapshot

— Ambarella Inc. (NASDAQ: AMBA) reported adjusted earnings of $0.32 per share for the third quarter of 2020, vs. $0.20 per share expected.

— On an unadjusted basis, it was a net loss of $4.3 million or $0.13 per share, compared to a loss of $9 million or $0.29 per share in the same period of last year

— Revenues for the three-month period increased to $67.9 million from $57.3 million last year, vs. $65.03 million expected

— Expects revenues between $55 million and $59 million for the fourth quarter; sees Q4 gross margin between 56.5% and 58.5%

— Operating expenses, adjusted for special items, are expected to between $29.5 million and $31.5 million in the fourth quarter

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