What's Going On With Samsara Stock Friday?
Portfolio Pulse from Dylan Berman
Samsara Inc. (NYSE:IOT) stock surged after the company reported strong Q2 financial results, surpassing expectations and raising its fiscal year guidance. The company reported an adjusted EPS of 5 cents, beating the 1 cent estimate, and revenue of $300.20 million, exceeding the $289.54 million estimate. Samsara also raised its FY25 revenue and EPS guidance, leading to a 15.8% increase in its stock price.
September 06, 2024 | 5:30 pm
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Samsara Inc. reported better-than-expected Q2 results with an adjusted EPS of 5 cents and revenue of $300.20 million, both surpassing analyst estimates. The company also raised its FY25 guidance, leading to a significant stock price increase.
Samsara's strong financial performance and raised guidance indicate positive future prospects, leading to increased investor confidence and a significant rise in stock price.
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