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Ambarella Inc AMBA shares are soaring in Tuesday’s after-hours session on the heels of the company’s third-quarter financial results. Here’s a look at the key highlights from the quarter . What Happened: Ambarella reported third-quarter revenue of $82.65 million, beating analyst estimates of $79.03 million, according to Benzinga Pro . The company reported third-quarter adjusted earnings of 11 cents per share, beating estimates of four cents per share. “Company-specific factors are more than offsetting broad market weakness, and we are reporting 30% sequential revenue growth in fiscal Q3, above the high-end of our guidance range, with strength led again by our customers’ new products, especially those incorporating our higher priced AI inference processors,” said Fermi Wang , president and CEO of Ambarella. “Edge AI revenue represented about 70% of our total revenue, establishing a new record level, and this momentum is expected to enable growth in both our IoT and Auto markets in F2025 and F2026.” Ambarella ended the quarter with $226.5 million in cash, cash equivalents and marketable debt securities, up from $222.3 million at the end of the prior year’s quarter. See Also: Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details What’s Next: Ambarella expects fourth-quarter revenue to be between $76 million and $80 million. Fourth-quarter gross margin is expected to be between 61.5% and 63%, and operating expenses are expected to range between $49 million to $52 million. “With the anticipated revenue growth, we intend to drive positive operating leverage and build upon our 15 consecutive fiscal years of positive free-cash-flow,” Ambarella’s CEO added. AMBA Price Action: Ambarella shares were up 22.42% in extended trading at $83.75 at the time of publication Tuesday, per Benzinga Pro . Photo: Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.None
Trae Young leads Hawks past Raptors 136-107; Toronto has season-high 31 turnovers
Former President Jimmy Carter and his wife Rosalynn’s involvement with Habitat for Humanity was so deep and publicized that it created a myth: that he both founded and ran the nonprofit that builds affordable housing. “Neither of those things are true,” said Jonathan Reckford, chief executive officer of Habitat for Humanity International. But Carter’s years of volunteer presence with the organization in the U.S. and abroad, which was founded in Americus, just down the road from his hometown of Plains, was essential to Habitat’s success, Reckford said. The Carters first worked with Habitat in 1984, eight years after it was founded. At that point, Habitat had built fewer than 1,000 homes. Over the years, the Carter Work Project alone, a special program in Habitat that did construction drives in cities from Memphis, Tennessee to New York, has built, renovated or repaired more than 4,300 homes. The COVID-19 pandemic and the declining health of the Carters, both in their 90s, curtailed the yearly programs recently. Habitat has built more than 800,000 homes across the world. “Carter really put Habitat on the map,” Reckford said. “It was so unlikely to have a former U.S. president sleeping in a church basement and literally doing construction.” The couple also inspired large numbers of volunteers to join Habitat’s cause, starting with their first weeklong Carter Work Project in New York City’s Lower East Side, which attracted global media attention. Since 1984, they have worked alongside more than 100,000 volunteers at work sites in 14 countries. “The Carters have brought extraordinary international awareness to the great need for affordable housing and to Habitat for Humanity’s specific mission to be a part of the solution,” Reckford said. A skilled carpenter, Carter was always one to get his hands dirty. The former president was one of only two people to work on each of the first 35 annual Carter Work Projects, the other being his wife. “I’ve had the great privilege of being with them with heads of state around the world and also with some of the poorest people in the world, and I think the Carters are always the same in every setting,” Reckford said. “That’s an extraordinary mark of integrity.” In 2015, when Carter announced the growing threat and toll of cancer on his body, he didn’t allow the disease to stop him from working at Habitat builds. Carter received treatment for spots of melanoma found on his brain and planned to attend a build in Nepal that was eventually canceled because of a natural disaster and political unrest in the country. Instead, he worked at a Habitat build in Memphis in November 2015. He returned to Memphis a year and one day after his cancer announcement to host a Carter Work Project in August 2016. Reckford, who has been on several builds with the Carters, said Habitat volunteers were always eager to join the former president. “He worked hard, and he expected everyone else to work really hard. If he saw something he didn’t like, you would get that submarine commander blue-eyed gaze that you never want to get,” Reckford said lightheartedly. Carter’s involvement with Habitat also was an extension of his legacy as a peacemaker. During the 2006 Carter Work Project in Lonavala, India, Reckford said he saw cultural and religious differences dissipate. Two men from different faiths — one Muslim and one Hindu — and from different social castes were going to share one of the new duplexes. After participating in the weeklong build, one gentleman put his arm around his new neighbor and said despite their differences they were now brothers, Reckford said. “President Carter was such a great ambassador in breaking down barriers between people and building, both physical homes but building community in that process,” he said. Because of Carter’s involvement with Habitat, Reckford said millions of people worldwide are living in new or improved homes. “You have to admire the way he led his life, which was a life of service to others,” he said.
INGLEWOOD — For the second straight season, the Philadelphia Eagles are headed to SoFi Stadium with a lengthy winning streak and a team that looks like one of the best in the NFC. The Los Angeles Rams (5-5) couldn't do much to slow them down last season, but they'll try again Sunday night with a young team that hopes to get where the Eagles (8-2) are already standing — atop their division with a six-game winning streak. Philadelphia also made this road trip in October 2023 for a meeting of the previous two NFC champions, and the unbeaten Eagles held on for a 23-14 victory despite failing to score a touchdown in the second half. Jalen Hurts passed for 303 yards and a touchdown and rushed for 72 yards and another score, while Jalen Carter sacked Matthew Stafford twice while the Eagles prevented LA from crossing midfield in the second half. “I just remember that they do a great job of controlling the game,” Rams coach Sean McVay said. “They shortened the game, and that’s been a consistent theme that they do an excellent job of. I remember feeling like that’s a good team, and we had our chances, but they certainly made it difficult for us and they earned that win.” Philadelphia comes into the rematch on extra rest after beating Washington 26-18 in a Thursday night game. The young Rams have won four of their past five , but they haven't managed the consistency necessary to become an elite team. The Eagles’ NFL-best defense includes one of the league’s best cornerback duos in Darius Slay and rookie Quinyon Mitchell. The Rams’ offense is built around Stafford’s ability to get the ball to Cooper Kupp and Puka Nacua, two of the NFL’s top wideouts. That dual matchup should determine whether the Rams can score enough points to keep up with Philadelphia. “Their personnel is as good as it gets, as far as we’ve seen,” Stafford said of the Eagles defense. “I've just watched them from afar. It’s impressive what you see on tape. They do a really nice job of disguising their looks and giving you a bunch of things to look at.” The game also features the two front-runners for the AP NFL Defensive Rookie of the Year award. Mitchell is widely considered the top rookie cornerback in the league, but Los Angeles edge rusher Jared Verse is the consensus favorite for the award so far after his dynamic start to the season with 4 1/2 sacks and 11 tackles for loss. Hurts is expected to play Sunday after being limited in practice this week by an ankle injury. He said the limited practice was part of a program put together by the Eagles to strengthen his recovery with extra days off. He also cleared concussion protocol after his head was spiked into the ground against Washington. Hurts has 2,197 yards passing with 12 TDs and five interceptions. Thanks in large part to the “tush push,” Hurts has 11 rushing TDs. “It’s not necessarily about all health,” Hurts said. “I think it’s a mentality where we are. We’re in a phase of the year where things could have very easily, well, they didn’t end the way we wanted to (last season). So that’s in the back of my mind as we enter this phase and putting an emphasis on finishing strong, putting ourselves in a good place.” The Eagles remain confident in kicker Jake Elliott as he comes off perhaps the worst game of his career, missing two field goals and an extra point against Washington. Elliott signed a four-year, $24 million extension in March, but he has already missed five field-goal attempts this season. He holds the franchise record with seven field goals of 50 yards or more in a season, but has missed all four attempts from 50-plus in 2024. “It’s funny with Jake, he’s such a competitor and such a good kicker, you almost take it a little bit for granted when he’s out there; it’s an automatic,” special teams coach Michael Clay said. “But I have such supreme confidence in Jake. At times, it’s just not your day. We’d be probably a little bit more on edge if the ball was sprayed all over the place.” The Eagles are rolling with six straight wins out of the bye, and only Detroit has a better record in the NFC. But Philly fans know better than to expect good times ahead after the Eagles turned a 10-1 start last season into a 1-5 finish and a playoff loss in the wild-card round. So why should anyone expect the Eagles to keep it together this season instead of collapsing yet again? “I think we’ve got some really good teammates and coaches. Everyone is just so locked in to becoming better,” coach Nick Sirianni said. “I do feel like that, that everyone is locked in to becoming better. I felt that way last year, too. Don’t get me wrong. It didn’t work. There were things that happened last year that we feel like we’ve corrected, that we’re on the right track.”Stormont backs continued trade barriers within the UK - despite unionist MLAs unanimously rejecting the Windsor Framework
Pereira outshines Amorim in battle of new Portuguese bossesActivision continues to stock the Call of Duty in-game store with new bundles, and the latest lets you become a legally distinct version of Guardians of the Galaxy's Rocket Raccoon. Or at least that's what people are saying about the new "Cash Bandit" store bundle that went live today, November 26, for Black Ops 6 and Warzone. The bundle comes with the "Raccoon Goon" skin for Niran, along with the "Debt Collector" weapon skin for the Sirin 9mm special weapon that was recently released. There is also a "Vault Security" GPR 91 assault rifle blueprint included with the bundle. The raccoon skin also includes a weapon reticle called "Cash Flow," along with a finishing move labeled "Disarmed." What's more, the bundle includes a raccoon-themed decal and weapon charm, as well as a one-hour double XP token. This DLC bundle costs 2,800 COD Points, which is about $20 USD. This isn't the first Call of Duty store bundle that bears a resemblance to a Guardians of the Galaxy character. Activision previously released the Gaia skin for 2023's Modern Warfare III that looked a lot like Groot from the Marvel superhero franchise. If you don't want to become a raccoon but want to play Call of Duty as an animal, the in-game store was also recently stocked with a bundle that turns you into a shark with huge muscles. Black Ops 6 launched at the end of October and was the month's best-selling game in the US , and is already the No. 3 best-selling game of 2024 so far. In other Call of Duty news, it's been reported that Microsoft has created a new committee to help shape the future of the mega-franchise , while the first supposed information about 2027's Call of Duty game has emerged.
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