iPhone 17 Design Rumours: What’s the Truth?2025 is the year to unlock the power of pervasive IT governanceNone
Canadiens vs. Utah HC: Game thread, rosters, lines, and how to watch - Habs Eyes on the Prize
SANTA CLARA, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2025 ended October 31, 2024. Total cash, cash equivalents and marketable debt securities on hand at the end of the third quarter of fiscal 2025 was $226.5 million, compared with $219.8 million at the end of the prior quarter and $222.3 million at the end of the same quarter a year ago. "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. 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,” said Fermi Wang, President and CEO. "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.” Quarterly Conference Call Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the third quarter of fiscal year 2025 results. A live and archived webcast of the call will be available on Ambarella's website at http://www.ambarella.com/ for up to 30 days after the call. About Ambarella Ambarella's products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella's low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more information, please visit www.ambarella.com . "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as "outlook,” "projected,” "intends,” "will,” "estimates,” "anticipates,” "expects,” "believes,” "could,” "should,” or similar expressions, including the guidance for the fourth quarter of fiscal year 2025 ending January 31, 2025, and the comments of our CEO relating to our expectation of future revenue growth, customer demand for our edge AI inference products, the growth potential of our new products, and our ability to generate positive free-cash flow in future periods. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance. The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers' products; our customers' ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as computer vision, AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets, such as the OEM automotive and robotics markets; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation. Further information on these and other factors that could affect our financial results is included in the company's Annual Report on Form 10-K for our 2024 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also be set forth in the company's quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov . Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the third fiscal quarter ended October 31, 2024 could differ from the preliminary results announced in this press release. Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law. Non-GAAP Financial Measures The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company's financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company's operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP measures used by other companies. With respect to its financial results for the third quarter of fiscal year 2025, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company's expectations for the fourth quarter of fiscal year 2025, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
Kia, South Korea's second-biggest carmaker by sales, said on Sunday it will launch the compact SUV “Syros" in India next year to boost sales. Kia, the maker of K5 sedans and Sorento SUVs, unveiled the new model for the first time in India on Sunday. The Syros SUV will be released in two trims, one with a 1.0-liter gasoline turbocharged engine and the other with a 1.5-litre diesel engine, the company said in a press release. Starting with sales in India, Kia plans to introduce the compact car in the Asia-Pacific region, Latin America and the Middle East, it said, reports Yonhap news agency. The new model is equipped with safety features such as the front collision avoidance, lane-keeping assistance, surround view monitor and driver awareness warning systems. The company didn't provide the vehicle's price. Meanwhile, Kia India has announced up to 2 per cent price hike across its entire lineup, effective from January 1, “primarily due to rising commodity prices and escalating supply chain-related costs”. “At Kia, we are committed to delivering exceptional, technologically advanced vehicles of the highest quality to our valued customers. However, due to the persistent rise in commodity prices, unfavourable exchange rates, and increased input costs, a necessary price adjustment has become unavoidable,” said Hardeep Singh Brar, senior vice president, sales and marketing, Kia India. Despite these challenges, Kia is absorbing a significant portion of the cost increase, minimizing the financial impact on our customers, so they can continue enjoying their favourite Kia vehicles without major dent on their pockets, he added. Kia has sold 1.6 million units in India and overseas markets combined to date. Its best-selling innovation, Seltos, has surpassed 670,000-unit sales, followed by Sonet with over 480,000 units, Carens with 214,400 units and Carnival with over 15,000 units.
The dividend yield of the S&P 500 has decreased in recent years due to the dominance of growth stocks in the index and stock prices outpacing dividend growth rates. With the index now yielding just 1.3%, investors looking for stocks to boost their passive income stream may want to consider higher-yielding options. Chevron ( CVX 1.20% ) , United Parcel Service ( UPS 2.47% ) , and the chemical specialist Dow ( DOW 2.15% ) yield 4.5%, 5.3%, and 7%, respectively, at the time of this writing. All three companies have sold off in recent months and are hovering around 52-week lows. Here's why three Motley Fool contributors think the sell-off in these dividend stocks is a buying opportunity for patient investors. Chevron stands to improve its free cash flow with its acquisition of Hess Scott Levine (Chevron): With the gift-giving season upon us, many investors are taking time off from their holiday shopping to tend to their financial goals for the coming year. For any of them dedicated to ramping up their passive income streams in 2025, Chevron warrants close consideration -- especially now. Currently, the stock is sitting in the bargain bin, providing investors with a great opportunity to load up on shares along with their 4.5% forward dividend yield. It's a powerhouse when it comes to generating cash. For example, the company has consistently outperformed one of its closest peers, ExxonMobil (NYSE: XOM) , over the past five years in generating free cash flow (FCF). CVX free cash flow per share (annual), data by YCharts . And Chevron can excel even further at generating FCF should it succeed in acquiring Hess (NYSE: HES) , which seems even more likely now that the Federal Trade Commission has given the transaction the green light after completing an antitrust review. According to management, the acquisition will assist in growing revenue and FCF beyond the five-year production and FCF growth rates it had previously projected, extending it into the 2030s. With greater FCF, the company can continue hiking its dividend, as it has for more than 35 years. Chevron had expected to complete the acquisition in the first half of 2024, but it's now facing an arbitration panel with ExxonMobil, which has raised objections to the deal. This has clearly spooked investors into thinking it is in jeopardy despite both parties remaining confident it will ultimately proceed. Reflecting the market's skepticism, Chevron stock is now changing hands at 7.2 times operating cash flow, a discount to its five-year average cash flow multiple of 8.3. For those looking to strengthen their dividend income in the new year, the stock now provides a great option. The key metrics are moving in the right direction for UPS Lee Samaha ( UPS ) : It's been a difficult period for United Parcel Service. An unexpected slowdown in package deliveries due to a weak economy and a costly labor dispute hit the company hard. As such, UPS spent most of the last couple of years battling elevated costs (partly associated with the new labor contract) and weakening delivery volumes. These pressures have challenged UPS' business model emphasizing targeted, higher-margin deliveries rather than chasing volume growth. As such, the company appears to have taken on a higher quantity of lower-revenue-per-piece deliveries this year, hurting margins. Moreover, UPS has work to do to meet its full-year guidance this year. That said, most key metrics are moving in the right direction, and the company is set for an earnings recovery in 2025. The increased costs associated with the labor contract are now in the numbers, making comparisons easier. And UPS has cut capacity and 12,000 jobs to reduce costs and adjust to the market. Meanwhile, delivery volumes are growing again, and the overcapacity that dogged package delivery is being worked through. At the same time, it continues to grow in its targeted end markets like small and medium-size businesses (SMBs) and healthcare, while investing in productivity-enhancing technology such as automation and smart warehouses. All of this suggests UPS will at least maintain its dividend in 2025 as management prepares for a multi-year recovery, starting in 2025, when Wall Street expects a 17% improvement in earnings. Dow is an industry-leading company with an ultra-high yield Daniel Foelber (Dow): In the last two months, shares of commodity chemical giant Dow are down over 25% and were replaced by Sherwin-Williams in the Dow Jones Industrial Average . The stock hit a fresh four-year low on Thursday, the day after the Federal Reserve indicated the pace of its rate cuts could be slower than initially expected. Dow and its peers are highly sensitive to interest rates. It is a capital-intensive business, so higher capital costs mean higher interest expenses. However, the more significant impact of extended higher rates could be a prolonged slowdown in global demand for Dow's products, especially in Europe and China. Business has been terrible in these markets for Dow, which has compressed its margins to razor-thin levels. Since earnings are down, it doesn't look like a particularly cheap stock. However, evaluating cyclical companies based on trailing earnings can be a bad idea, since the valuation will look dirt cheap during periods of expansion and more expensive during downturns. Analyst consensus estimates for 2025 earnings per share (EPS) sit at $3.21 compared to projections for $2.09 in 2024. However, those revisions could come down under the assumption that interest rates stay higher for longer. Dow's earnings have been all over the place in recent years -- with $8.38 in EPS in 2020 and less than a dollar in 2023. Instead of getting too caught up in the near-term results, it's better to look at how the company is positioned to manage through the cycle and grow over time. Dow has a fairly strong balance sheet and an investment-grade credit rating . Since spinning off from DowDuPont in 2019, the company has kept its quarterly dividend at $0.70 per share, or $2.80 per year -- which has been a wise move given the turbulence across the industry. Some investors may want to wait and see how management responds to the possibility of higher interest rates for a longer time before buying the stock. The company will report fourth-quarter and full-year 2024 earnings on Jan. 30, which will likely provide clearer insight into where it could be headed. However, Dow has fallen so deep into the bargain bin that it's worth buying for investors with a long time horizon. The 7% yield makes it one of the highest-yielding stocks in the S&P 500, and provides a worthwhile incentive to hold it through what is sure to be another volatile year in 2025.
Pete Hegseth, Donald Trump's embattled nominee for the U.S. Department of Defense, finds himself under intense scrutiny from Senate Republicans, owing to allegations surrounding his personal and professional life. As Hegseth lobbied for the support needed to secure his confirmation, potential replacements were being considered, including Florida Governor Ron DeSantis and Rep. Mike Waltz. Allegations against Hegseth include sexual assault and financial mismanagement. Senators like Joni Ernst and Lisa Murkowski have expressed concerns, emphasizing the gravity of the allegations. Republican leaders demand that Hegseth addresses serious questions about his past, similar to challenges faced by previous Trump appointees. (With inputs from agencies.)As China cracks down on bookstores at home, Chinese-language booksellers are flourishing overseas