Arlo Technologies Sees Q2 2024 Adj. EPS $0.06-$0.12 Vs $0.09 Est.; Revenue $120M-$130M Vs $124.701M Est.
Portfolio Pulse from Benzinga Newsdesk
Arlo Technologies projects its Q2 2024 adjusted EPS to be between $0.06 and $0.12, compared to the estimated $0.09. The company also forecasts revenue to be in the range of $120M to $130M, versus the estimated $124.701M.

May 09, 2024 | 9:22 pm
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Arlo Technologies anticipates its Q2 2024 adjusted EPS to range from $0.06 to $0.12, surpassing the consensus estimate of $0.09. Revenue projections are set between $120M and $130M, closely aligning with the estimated $124.701M.
Arlo Technologies' projected EPS range for Q2 2024 suggests a potential to outperform market expectations, which could positively influence investor sentiment and the stock price. The revenue forecast, being in line with estimates, reinforces this positive outlook, indicating stable financial health and operational efficiency. Given these factors, the short-term impact on ARLO's stock price is likely to be positive, as the projections suggest growth and a potential to exceed analyst expectations.
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