SANTA CLARA, Calif. (AP) _ Ambarella Inc. (AMBA) on Tuesday reported a loss of $12.5 million in its fiscal fourth quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 35 cents. Earnings, adjusted for one-time gains and costs, were 14 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The video-compression chipmaker posted revenue of $62.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $58.2 million.
For the year, the company reported that its loss widened to $59.8 million, or $1.72 per share. Revenue was reported as $223 million.
For the current quarter ending in May, Ambarella said it expects revenue in the range of $67 million to $70 million.
Ambarella shares have risen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $113.71, an increase of 90% in the last 12 months.