Ambarella's raised full-year sales outlook and improved results in its latest quarter appear to be falling short with investors as the stock drops. Investors could be concerned with management's seemingly conservative view toward the second half of the fiscal year after widening the company's guidance range, citing uncertain geopolitical conditions. Management said the upper half of the company's wider guidance range still implies regular seasonality and stronger growth in the back of the year, though. "So, it's really your call. We're just saying, it's an uncertain environment. It could happen and play out a lot of different ways," VP of Corporate Development Louis Gerhardy said during the company's earnings call. Shares fall 18% to $50.62. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 30, 2025 13:04 ET (17:04 GMT)
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