27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Ambarella (NASDAQ:AMBA) reported its Q3 earnings results on Tuesday, November 30, 2021 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Ambarella beat estimated earnings by 16.33%, reporting an EPS of $0.57 versus an estimate of $0.49, which surprised analysts.
Revenue was up $36,077,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1, which was followed by a 27.41% increase in the share price the next day.
Here's a look at Ambarella's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.25 | 0.17 | 0.08 | 0.05 |
| EPS Actual | 0.35 | 0.23 | 0.14 | 0.09 |
| Revenue Estimate | 75.68M | 68.61M | 58.14M | 55.04M |
| Revenue Actual | 79.33M | 70.13M | 62.14M | 56.09M |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!