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

Arlo Technologies

10/08/2023 22:48

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 6 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 4 cents per share.
    * Revenue fell 3.3% to $115.08 million from a year ago;
analysts
expected $110.18 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 8 cents​.
    * The mean earnings estimate of analysts had risen by
about 168.8%
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 7.1% this
quarter and
gained 188.9% so far this year.
    * The company reported a quarterly loss of $7.36 million.
    * Wall Street's median 12-month price target for Arlo
Technologies
Inc is $11.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.04           0.06           Beat
 Mar. 31 2023      -0.05          0.01           Beat
 Dec. 31 2022      -0.10          -0.04          Beat
 Sep. 30 2022      -0.13          -0.05          Beat