Arlo Technologies: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 05:05 PM ET
Last Updated - Aug 08, 2024, 05:05 PM EDT
CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Arlo Technologies Inc. (ARLO) on Thursday reported a loss of $11.6 million in its second quarter.
The Carlsbad, California-based company said it had a loss of 12 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The maker of smart connected devices posted revenue of $127.4 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $125.4 million.
