— 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
For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected
Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales
Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to