* Arlo Technologies Inc 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
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