=Ambarella (AMBA) reported earnings on Tue 6 June 2017 (a/h)

• Ambarella tops Street 1Q forecasts

SANTA CLARA, Calif. (AP) _ Ambarella Inc. (AMBA) on Tuesday reported fiscal first-quarter profit of $2.6 million.

On a per-share basis, the Santa Clara, California-based company said it had net income of 7 cents. Earnings, adjusted for stock option expense, came to 39 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The video-compression chipmaker posted revenue of $64.1 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $63.3 million.

For the current quarter ending in August, Ambarella said it expects revenue in the range of $69 million to $72 million.