Arlo Technologies: Q1 Earnings Insights

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.

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.

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).

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.

Earnings Calendar