Arlo Technologies: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 05:17 PM ET
Last Updated - Dec 16, 2024, 05:34 PM EST
CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Arlo Technologies Inc. (ARLO) on Thursday reported a loss of $4.4 million in its third quarter.
The Carlsbad, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 11 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The maker of smart connected devices posted revenue of $137.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $136.1 million.
