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

Arlo Technologies

05/08/2021 10:36

* Arlo Technologies Inc  ARLO.N  reported a quarterly adjusted
loss of 4 cents​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was for a loss
of 15 cents per share.
* Revenue rose 47.9% to $98.57 million from a year ago; 
analysts expected $86.89 million. 
* Arlo Technologies Inc's reported EPS for the quarter was a
loss of 28 cents​.
* The mean earnings estimate of analysts was unchanged 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 9.6% this
quarter and lost 21.4% so far this year.
* The company reported a quarterly loss of $23.32 million.
* Wall Street's median 12-month price target for Arlo
Technologies Inc is $9.50 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
This summary was machine generated August 5 at 09:36 a.m.  ​All
figures in US dollars unless otherwise stated