Ambarella (AMBA) gained 13% during Tuesday’s extended trading session as the company reported a narrower-than-expected loss for the fourth quarter of fiscal 2024. The company reported a non-GAAP loss of 24 cents per share for the quarter, narrower than the Zacks Consensus Estimate of a loss of 33 cents. However, the bottom line compared unfavorably with the year-ago quarter’s non-GAAP earnings of 23 cents per share. The dismal year-over-year performance was mainly due to a decline in revenues. Fourth-quarte ...