Arlo Technologies (NYSE:ARLO) reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Arlo Technologies beat estimated earnings by 233.33%, reporting an EPS of $0.04 versus an estimate of $-0.03.
Revenue was up $28.02 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 10.41% increase in the share price the next day.
Here's a look at Arlo Technologies's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.14 | -0.15 | -0.21 | -0.18 |
| EPS Actual | -0.08 | -0.04 | -0.03 | -0.08 |
| Revenue Estimate | 106.24M | 86.89M | 76.81M | 111.57M |
| Revenue Actual | 111.15M | 98.57M | 82.56M | 114.84M |
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 their next quarter, expecting earnings between $-0.06 and $0.0 per share for the next quarter.
This represents a -175.0% in quarter-over-quarter growth for Arlo Technologies, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
