Specifically, the video processing chip specialist expects revenue in its current quarter (fiscal Q4 2016) will be in the range of $65 million to $67.5 million, up only slightly from $64.7 million in the year-ago period. Earlier this month, Wall Street appeared torn about what to think after Ambarella released quarterly results that significantly beat expectations - revenue climbed an impressive 41.9% year over year, while earnings per share rose 65.6% - but followed by suggesting near-term weakness in the wearable sports camera market would negatively impact growth over the next two quarters.
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