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

Arlo Technologies

11/05/2022 21:09

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was for a
loss of 3 cents per share.
    * Revenue rose 51.1% to $124.75 million from a year ago; 
analysts
expected $113.41 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The mean earnings estimate of analysts had risen by
about 41.1%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Arlo Technologies Inc shares had fallen by 25.4% this
quarter and lost 37.0% so far this year.
    * The company reported a quarterly loss of $8.48 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 May 11 at 08:09 p.m.  ​All
figures in US dollars unless otherwise stated