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

Arlo Technologies

09/08/2022 23:05

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was for a
loss of 7 cents per share.
    * Revenue rose 20.7% to $118.98 million from a year ago;
analysts
expected $110.19 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 33.1%
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 risen by 18.7% this
quarter and
lost 29.1% so far this year.
    * The company reported a quarterly loss of $11.56 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," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 9
at 10:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.07          0.01           Beat
 Mar. 31 2022      -0.03          0.01           Beat
 Dec. 31 2021      -0.03          0.04           Beat
 Sep. 30 2021      -0.14          -0.08          Beat