Arlo Technologies Q2 EPS $0.06 Beats $0.04 Estimate, Sales $115.08M Beat $110.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arlo Technologies reported Q2 earnings of $0.06 per share, beating the analyst consensus estimate of $0.04 by 50%. This is a 500% increase from the same period last year. The company also reported quarterly sales of $115.08 million, beating the analyst consensus estimate of $110.18 million by 4.44%, but this is a 3.28% decrease from the same period last year.
August 10, 2023 | 8:30 pm
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Arlo Technologies reported better than expected Q2 earnings and sales. However, despite beating estimates, the company's sales have decreased compared to the same period last year.
Arlo Technologies reported a significant increase in earnings per share, which is a positive signal for investors. However, the decrease in sales compared to the same period last year might be a concern. The overall impact is likely to be positive in the short term due to the beat on earnings and sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100