Samsara jumps on smaller-than-expected Q1 loss

Samsara (Pre-Reincorporation)

02/06/2023 14:45

** Shares of cloud services firm Samsara Inc  IOT.N  surge
21.7% to $23.14
    ** Reports Q1 adjusted loss per share of $0.02, compared
with Wall Streets estimates of a loss of $0.05 per share,
according to Refinitiv
    ** Also reports Q1 rev of $204.3 mln, beating Refinitiv
estimates of $191.9 mln
    ** Sees Q2 revenue between $206 mln - $208 mln, compared to
analyst estimates of $206.35 mln according to Refinitiv 
    ** IOT shares up about 53% YTD

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))