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

Arlo Technologies

11/05/2023 22:02

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was for a
loss of 5 cents per share.
    * Revenue fell 11% to $111.00 million from a year ago;
analysts
expected $104.91 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The mean earnings estimate of analysts had risen by
about 26.3%
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 17.3% this
quarter and
gained 102.6% so far this year.
    * The company reported a quarterly loss of $14.25 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 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.05          0.01           Beat
 Dec. 31 2022      -0.10          -0.04          Beat
 Sep. 30 2022      -0.13          -0.05          Beat
 Jun. 30 2022      -0.07          0.01           Beat