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Feb. 24, 2020, 5:41 p.m. EST

Arlo Technologies stock higher after security-camera maker swings to profit

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By Claudia Assis

Arlo Technologies Inc. /zigman2/quotes/210167278/composite ARLO -14.40% shares rose more than 7% in the extended session Monday as the maker of security cameras, video doorbells, and other home security electronics swung to a GAAP profit and posted a narrower-than-expected per-share loss in the fourth quarter. Arlo, a Netgear Inc. /zigman2/quotes/204742131/composite NTGR -6.83% spinoff that went public in 2018, said it earned $19.6 million, or 26 cents a share, versus a loss of 53 cents a share in the year-ago period. Adjusted for one-time items, Arlo lost 26 cents a share, compared with a loss of 43 cents a share a year ago. Revenue rose to $122.4 million from $122.2 million, the company said. Analysts had expected an adjusted loss of 31 cents a share on sales of $121 million for the quarter. The company guided for revenue between $60 million and $70 million for the first quarter of 2020, and called for full-year 2020 sales between $370 million and $400 million. For the year, it guided for a loss from operations between $97.6 million and $107.6 million, and an adjusted loss from operations between $65 million and $75 million. Shares of Arlo had ended the regular trading day down 2.9%.

$ 2.08
-0.35 -14.40%
Volume: 1.26M
April 1, 2020 6:30p
P/E Ratio
Dividend Yield
Market Cap
$186.35 million
Rev. per Employee
US : U.S.: Nasdaq
$ 21.28
-1.56 -6.83%
Volume: 391,270
April 1, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$672.73 million
Rev. per Employee

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