Arlo Applied sciences (NYSE:ARLO) reported its Q3 earnings outcomes on Tuesday, November 9, 2021 at 04:05 PM.
This is what traders must know in regards to the announcement.
Earnings
Arlo Applied sciences their estimated earnings by 42.86%, reporting an EPS of $-0.08 versus an estimate of $-0.14, which stunned analysts.
Income was up $913,000 from the identical interval final 12 months.
Previous Earnings Efficiency
Final quarter the corporate beat on EPS by $0.11, which was adopted by a 1.47% drop within the share value the following day.
This is a take a look at Arlo Applied sciences’s previous efficiency:
| Quarter | Q2 2021 | Q1 2021 | This fall 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.15 | -0.21 | -0.18 | -0.25 |
| EPS Precise | -0.04 | -0.03 | -0.08 | -0.10 |
| Income Estimate | 86.89M | 76.81M | 111.57M | 90.48M |
| Income Precise | 98.57M | 82.56M | 114.84M | 110.24M |
New traders ought to observe that it’s generally not an earnings beat or miss that the majority impacts the value of a inventory, however the steerage (or forecast).
Steerage
Arlo Applied sciences administration supplied steerage for his or her subsequent quarter, anticipating earnings between $-0.19 and $-0.12 per share for the nextquarter.
This represents a -93.75% in quarter-over-quarter progress for Arlo Applied sciences, a bearish sign to many traders.
To trace all upcoming earnings bulletins, click on to make use of Benzinga Earnings Calendar.
This text was generated by Benzinga’s automated content material engine and reviewed by an editor.
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