Shares of Ambarella (NASDAQ: AMBA) are down around 7% on the heels of its fiscal third-quarter 2017 report last week, but not because of the video processing chip specialist’s actual results. Revenue was above Ambarella’s guidance, and it enjoyed broad-based growth across its IP security, home monitoring, and automotive markets. Ambarella also saw a ramp in revenue from wearables, which had consistently held back overall growth in recent quarters.