=Ambarella (AMBA) reported earnings Thur 1 Dec 2016 (a/h)

Ambarella reported numbers that came in ahead of Street expectations on both the revenue and earnings front.

The company reported earnings of $1.11 per share on revenues of $100.5 million versus Street expectations of earnings of $0.94 per share on revenues of $97.3 million for the fiscal third quarter ended in October 2016.

For the current quarter (fiscal fourth quarter ending January 31, 2017) the company guided revenues slightly lower to a range between $84 million and $87 million or $85.5 million at the mid-point. The Street was expecting revenues for the quarter of $87 million. Last year Ambarella reported revenues of $95.6 million in the current quarter.

Gross margins in FQ3 improved to 66% from 65.6% a year ago, same quarter.