Arbe Robotics Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St.08-11

Arbe Robotics (NASDAQ:ARBE) Second Quarter 2024 Results Key Financial Results Net loss: US$11.7m (loss narrowed by 6.9% from 2Q 2023). US$0.15 loss per share (improved from US$0.19 loss in 2Q 2023). ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 36%. Earnings per share  also surpassed analyst estimates by 7.3%.Looking ahead, revenue is forecast to grow 109% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US.The company's shares are down 2.9% from a week ago.We should say that we've discovered 4 warning signs for Arbe Robotics (1 is a bit concerning!) that you should be aware of before investing here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARBE":"Arbe Robotics Ltd.","ARBEW":"Arbe Robotics Ltd. WTS 2026/10/07 11.5C"},"translate_title":"Arbe Robotics 2024年第二季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARBE":0.9,"ARBEW":0.9},"content_text":"Arbe Robotics (NASDAQ:ARBE) Second Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$11.7m (loss narrowed by 6.9% from 2Q 2023).\nUS$0.15 loss per share (improved from US$0.19 loss in 2Q 2023).\n\n\n\n\n  NasdaqCM:ARBE Earnings and Revenue History August 11th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nArbe Robotics Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%. \n Looking ahead, revenue is forecast to grow 109% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US. \nPerformance of the American Electronic industry.\n The company's shares are down 2.9% from a week ago. \nRisk Analysis\n We should say that we've discovered 4 warning signs for Arbe Robotics (1 is a bit concerning!) that you should be aware of before investing here. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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