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

Arlo Technologies

08/11/2022 23:37

* Arlo Technologies Inc  ARLO.N  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in September.
The mean expectation of four analysts for the quarter was for a
loss of 13 cents per share.
    * Revenue rose 15.3% to $128.16 million from a year ago;
analysts
expected $127.38 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Arlo Technologies Inc shares had risen by 0.4% this
quarter and
lost 55.6% so far this year.
    * The company reported a quarterly loss of $14.44 million.
    * Wall Street's median 12-month price target for Arlo
Technologies
Inc is $14.50 
    * 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 November
8 at 11:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.13          -0.05          Beat
 Jun. 30 2022      -0.07          0.01           Beat
 Mar. 31 2022      -0.03          0.01           Beat
 Dec. 31 2021      -0.03          0.04           Beat