Arlo Technologies: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Arlo Technologies Inc. (ARLO) on Tuesday reported a loss of $33.7 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 45 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 36 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share.
The maker of smart connected devices posted revenue of $83.6 million in the period.
For the current quarter ending in October, Arlo Technologies expects its results to range from a loss of 43 cents per share to a loss of 37 cents per share.
The company said it expects revenue in the range of $95 million to $105 million for the fiscal third quarter.