Arlo Technologies rises on smaller-than-expected Q1 loss

Arlo Technologies

06/05/2021 17:59

** Shares of home automation company  ARLO.N  up 8.4% at
$6.45
    ** Co posts Q1 adjusted loss of 3 cents per share, compared
with analysts' estimates of a loss of 21 cents per share,
according to Refinitiv IBES data
    ** Revenue of $82.56 mln also beats expectations of $76.81
mln
    ** ARLO expects Q2 revenue in a range of $80 mln to $90 mln,
above analysts' estimates of $82.8 mln
    ** Including session's gains, stock down ~17.7% this year 

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))