Samsara Stock Falls After Earnings. The Guidance for the Software Firm Is the Problem
Shares of Samsara declined late Thursday after the software company announced that it expects fiscal second-quarter financials will broadly be in line with Wall Street's expectations, overshadowing better-than-expected fiscal 2027 first-quarter financials.Samsara stock fell 3.3% in the after hours after ending regular trading on Thursday down 3% to $35.26. The stock has closed lower in three consecutive trading sessions and is up less than 1% this year.The company, which makes technology that connects physical operations like construction and freight, posted adjusted earnings of 17 cents a share for the quarter ended May 2, compared with 11 cents a share a year ago and above Wall Street's 13-cents-a-share expectation. Revenue grew 31% to $478.8 million, handily beating the analyst call for $455.2 million.The company's annual recurring revenue grew 30% to $1.99 billion in the quarter, slightly beating analyst expectations of $1.97 billion.Looking ahead, the company expects earnings of 1