Arlo Technologies Q1 2024 GAAP EPS $0.09, Inline, Sales $124.200M Beat $123.296M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arlo Technologies (NYSE:ARLO) reported Q1 2024 earnings of $0.09 per share, meeting consensus estimates and marking an 800% increase from the previous year. Sales reached $124.2M, exceeding estimates by 0.73% and showing an 11.89% year-over-year growth.
May 09, 2024 | 8:59 pm
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POSITIVE IMPACT
Arlo Technologies reported a significant year-over-year earnings growth and a slight beat on sales estimates for Q1 2024.
The substantial increase in earnings per share (EPS) and the beat on sales estimates are likely to be viewed positively by investors, potentially leading to a short-term increase in ARLO's stock price. The 800% increase in EPS and the sales growth exceeding analyst expectations underscore the company's strong performance and operational efficiency, which could boost investor confidence and demand for ARLO shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100