Arlo Technologies Inc reports results for the quarter ended September 30 - Earnings Summary

Arlo Technologies

08/11/2024 21:06

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 9 cents.  The mean expectation of five analysts
for the quarter was for earnings of 10 cents per share. Wall
Street expected results to range from 9 cents to 11 cents per
share.
    * Revenue rose 5.9% to $137.67 million from a year ago;
analysts
expected $136.14 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $4.44 million.
    * Arlo Technologies Inc shares had risen by 0.4% this
quarter and
gained 27.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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." 
    * The average consensus recommendation for the computer &
electronics retailers peer group is also "buy"

Wall Street's median 12-month price target for Arlo Technologies
Inc is 17.00 
This summary was machine generated from LSEG data November 8 at
09:05 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
 Sep. 30 2024      0.10           0.11           Beat
 Jun. 30 2024      0.09           0.10           Beat
 Mar. 31 2024      0.09           0.09           Met
 Dec. 31 2023      0.08           0.11           Beat