Skip to main content

Arlo Technologies: Q1 Earnings Snapshot

CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Arlo Technologies Inc. (ARLO) on Thursday reported first-quarter net income of $14.9 million, after reporting a loss in the same period a year earlier.

The Carlsbad, California-based company said it had net income of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 28 cents per share.

The maker of smart connected devices posted revenue of $150.4 million in the period.

For the current quarter ending in June, Arlo Technologies expects its per-share earnings to range from 17 cents to 23 cents.

The company said it expects revenue in the range of $145 million to $155 million for the fiscal second quarter.

Arlo Technologies shares have climbed nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.94, a rise of 44% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARLO at https://www.zacks.com/ap/ARLO

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story