Samsara Inc Cl A (IOT) said after close Thursday that it earned $0.04 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $237.5 million, beating estimates by $12.8 million.
In the same quarter a year ago, the company lost $0.02 per share on revenue of $169.8 million.
The stock is up 16.09% to $31.77 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 59. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of revenue from the United States.
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Samsara Inc Cl A Up 16.09% To $31.77 After Earnings Beat
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