Arlo Technologies ARLO reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Arlo Technologies beat estimated earnings by 120.0%, reporting an EPS of $0.01 versus an estimate of $-0.05.
Revenue was down $13.75 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 50.14% increase in the share price the next day.
Here's a look at Arlo Technologies's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.10 | -0.13 | -0.13 | -0.03 |
| EPS Actual | -0.04 | -0.05 | 0.01 | 0.01 |
| Revenue Estimate | 107.44M | 127.38M | 110.19M | 113.41M |
| Revenue Actual | 118.53M | 128.16M | 118.98M | 124.75M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Arlo Technologies management provided guidance for Q2 2023, expecting earnings between $0.01 and $0.07 per share.
To track all earnings releases for Arlo Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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