Arlo Technologies: Q3 Earnings Insights - Arlo Technologies (NYSE:ARLO)

Arlo Technologies ARLO reported its Q3 earnings results on Tuesday, November 9, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Arlo Technologies their estimated earnings by 42.86%, reporting an EPS of $-0.08 versus an estimate of $-0.14, which surprised analysts.

Revenue was up $913,000 from the same period last year.

Last quarter the company beat on EPS by $0.11, which was followed by a 1.47% drop in the share price the next day.

Here's a look at Arlo Technologies's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	-0.15	-0.21	-0.18	-0.25
EPS Actual	-0.04	-0.03	-0.08	-0.10
Revenue Estimate	86.89M	76.81M	111.57M	90.48M
Revenue Actual	98.57M	82.56M	114.84M	110.24M

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).

Arlo Technologies management provided guidance for their next quarter, expecting earnings between $-0.19 and $-0.12 per share for the nextquarter.

This represents a -93.75% in quarter-over-quarter growth for Arlo Technologies, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.