Arlo Technologies Inc reports results for the quarter ended in December - Earnings Summary

Arlo Technologies

02/03/2022 04:42

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for a loss of 3 cents per share.
    * Revenue rose 24.4% to $142.86 million from a year ago; 
analysts
expected $134.94 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Arlo Technologies Inc shares had fallen by 17.3% this
quarter.
    * The company reported a quarterly loss of $6.79 million.
    * Wall Street's median 12-month price target for Arlo
Technologies
Inc is $14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated March 2 at 04:41 a.m.  ​All
figures in US dollars unless otherwise stated