Arlo Technologies (NYSE:ARLO) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Arlo Technologies beat estimated earnings by 133.33%, reporting an EPS of $0.01 versus an estimate of $-0.03.
Revenue was up $42.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 28.92% increase in the share price the next day.
Here's a look at Arlo Technologies's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.14 | -0.15 | -0.21 |
| EPS Actual | 0.04 | -0.08 | -0.04 | -0.03 |
| Revenue Estimate | 134.94M | 106.24M | 86.89M | 76.81M |
| Revenue Actual | 142.86M | 111.15M | 98.57M | 82.56M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Arlo Technologies management provided guidance for Q2 2022, expecting earnings between $-0.08 and $-0.03 per share.
To track all earnings releases for Arlo Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
