Arlo Technologies Q1: Profitable Turnaround

Arlo Technologies reports impressive Q1 earnings, transforming a loss into a net income of $14.9 million, or $0.13 per share (adjusted to $0.28 per share). Revenue reached $150.4 million for their smart connected devices. Shares surged 7% since the start of the year and 44% over the past year, closing at $14.94. Investors are thrilled as Arlo exceeded expectations, demonstrating strong momentum in the smart home market. The company projects earnings between $0.17 and $0.23 per share and revenue between $145 million and $155 million for the quarter ending in June. Arlos positive outlook positions it well for growth in connected tech. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/96340d49d8be9605