10 Stocks Drop by Double Digits Mostly Due to Disappointing Earnings

2. Ambarella Inc. (NASDAQ:AMBA)

Ambarella fell by 17.13 percent on Thursday to end at $62.83 apiece as investors shunned news of impressive earnings performance last year.

In its latest earnings release, AMBA narrowed its net loss in three months ended January 2025 to $20.2 million from $60.6 million in the same period a year earlier, helped by a 63-percent higher revenue of $84 million versus $51.6 million year-on-year.

Net loss for the full year also shrunk by 30.7 percent to $117 million from $169 million year-on-year, while revenues increased by 26 percent to $284.8 million from $226 million in 2023.

AMBA, a semiconductor company, also earned a higher price target of $110 from Needham & Company LLC versus the $100 previously. It also maintained a “buy” rating for the company.