— 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
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard