Recap: Samsara Q1 Earnings
Portfolio Pulse from Benzinga Insights
Samsara (NYSE:IOT) reported Q1 earnings with an EPS of $-0.02, beating estimates by 60.0%. Revenue increased by $61.67 million compared to the same period last year. In the previous quarter, the company beat EPS estimates by $0.03, resulting in a 15.4% share price increase the following day.
June 01, 2023 | 8:40 pm
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Samsara's Q1 earnings beat estimates with an EPS of $-0.02 and a revenue increase of $61.67 million YoY. The company's previous earnings beat led to a 15.4% share price increase.
Samsara's Q1 earnings beat estimates by a significant margin, with an EPS of $-0.02 compared to the estimated $-0.05. This positive news, combined with the company's history of share price increases following earnings beats, suggests a likely short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100