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

Arlo Technologies

09/05/2024 23:15

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of five analysts
for the quarter was for earnings of 9 cents per share. Wall
Street expected results to range from 8 cents to 10 cents per
share.
    * Revenue rose 11.9% to $124.20 million from a year ago;
analysts
expected $123.30 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $9.64 million.
    * Arlo Technologies Inc shares had risen by 12.5% this
quarter and
gained 49.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Arlo
Technologies
Inc is $14.00 

This summary was machine generated from LSEG data May 9 at 10:14
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.09           0.09           Met
 Dec. 31 2023      0.08           0.11           Beat
 Sep. 30 2023      0.07           0.09           Beat
 Jun. 30 2023      0.04           0.06           Beat