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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POSITIVE IMPACT
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