Samsara Stock Jumps On Q2 Earnings: Revenue Beat, EPS Beat, ARR Up 36%, Raised Guidance And More
Portfolio Pulse from Adam Eckert
Samsara Inc (NYSE:IOT) reported strong Q2 earnings, with revenue and EPS beating estimates. The company saw a 37% year-over-year increase in revenue and a 36% rise in annual recurring revenue. Samsara raised its fiscal year 2025 guidance, leading to a 5.99% increase in its stock price during after-hours trading.
September 05, 2024 | 8:58 pm
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Samsara Inc reported better-than-expected Q2 earnings, with significant revenue and EPS beats. The company also raised its fiscal year 2025 guidance, leading to a positive market reaction.
Samsara's Q2 earnings exceeded expectations with a 37% increase in revenue and a 36% rise in ARR. The company also raised its fiscal year 2025 guidance, which is a positive indicator for future performance. This led to a 5.99% increase in the stock price during after-hours trading, suggesting a strong positive market reaction.
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