{"id":11187,"date":"2023-08-11T20:01:30","date_gmt":"2023-08-11T20:01:30","guid":{"rendered":"https:\/\/isafespend.com\/investing\/arlo-stock-falls-after-3-drop-in-quarterly-revenue\/"},"modified":"2023-08-11T20:01:30","modified_gmt":"2023-08-11T20:01:30","slug":"arlo-stock-falls-after-3-drop-in-quarterly-revenue","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11187","title":{"rendered":"Arlo stock falls after 3% drop in quarterly revenue"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002389222\" role=\"document\">\n<p>Arlo Technologies Inc.\u2019s stock<br \/>\n        ARLO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210167278\/composite\" class=\"positive\">+6.30%<\/bg-quote><br \/>\n       dropped more than 3% in the extended session Thursday after the maker of security cameras, video doorbells, and other home-security electronics reported a narrower quarterly loss and revenue that fell but was above Wall Street expectations. Arlo said it lost $7.4 million, or 8 cents a share, in the second quarter, compared with a loss of $11.6 million, or 13 cents a share, in the year-ago period. Adjusted for one-time items, Arlo earned 6 cents a share. Revenue fell 3.3% to $115.1 million, from $119 million a year ago, Arlo said. FactSet consensus called for EPS of 4 cents a share on sales of $110 million. Arlo called for revenue of $122 million to $132 million for the three months ending Oct. 1. FactSet consensus has third-quarter revenue at $127 million. \u201cThe continued acceleration of our services business drove outstanding results in [the second quarter] across all of our key metrics,\u201d Chief Executive Matthew McRae said in a statement. \u201cStrong demand, increased subscriptions, higher [average revenue per unit], and record gross margin are fueling Arlo\u2019s trajectory of improving performance and profitability.\u201d<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/arlo-stock-falls-after-3-drop-in-quarterly-revenue-c4865b52?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arlo Technologies Inc.\u2019s stock ARLO, +6.30% dropped more than 3% in the extended session Thursday after the maker of security cameras, video doorbells, and other home-security electronics reported a narrower quarterly loss and revenue that fell but was above Wall Street expectations. Arlo said it lost $7.4 million, or 8 cents a share, in the<\/p>\n","protected":false},"author":1,"featured_media":9288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-11187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arlo stock falls after 3% drop in quarterly revenue | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Arlo Technologies Inc.\u2019s stock ARLO, +6.30% dropped more than 3% in the extended session Thursday after the maker of security cameras, video doorbells,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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