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

• 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)