Arlo Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• Arlo Technologies Inc ARLO.N reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of five analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 14 cents to 18 cents per share.

• Revenue rose 1.5% to $129.41 million from a year ago; analysts expected $123.46 million.

• Arlo Technologies Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $3.12 million.

• Arlo Technologies Inc shares had fallen by 3.1% this quarter and gained 46.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the computer & electronics retailers peer group is also "buy"

• Wall Street's median 12-month price target for Arlo Technologies Inc is $19.50, about 15.7% above its last closing price of $16.43

This summary was machine generated from LSEG data August 8 at 05:46 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)