Arlo Technologies (NYSE:ARLO) reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.

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

Earnings

Arlo Technologies beat estimated earnings by 120.0%, reporting an EPS of $0.01 versus an estimate of $-0.05.

Revenue was down $13.75 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 50.14% increase in the share price the next day.

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

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 Q2 2023, expecting earnings between $0.01 and $0.07 per share.

To track all earnings releases for Arlo Technologies visit their earnings calendar here.

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