Life360 Inc reports results for the quarter ended June 30 - Earnings Summary

• Life360 Inc LIF.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of five analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -5 cents to 1 cents per share.

• Revenue rose 36% to $115.38 million from a year ago; analysts expected $109.75 million.

• Life360 Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $7.01 million.

• Life360 Inc shares had risen by 13.2% this quarter and gained 78.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Life360 Inc is $71.00, about 4% below its last closing price of $73.85

This summary was machine generated from LSEG data August 11 at 09:38 p.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)