Arlo Technologies Beats Expectations, Stock Drops

Arlo Technologies surpasses Q3 sales expectations with $139.5M, a 1.4% increase from last year, and non-GAAP profit per share of 16 cents, an 8% rise from forecasts. The company anticipates Q4 revenue of $136M and shows improved operating margin, with earnings per share growing by 120% over two years. Despite positive results, stock trades down 2% to $16.59.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.