Why Shares of Arlo Technologies Tumbled on Tuesday
Tuesday was just not Arlo Technologies' (NYSE: ARLO) day. The stock closed 16% lower following the release of the security camera maker's firsr quarter of fiscal 2020 results.
Image source: Arlo Technologies.
For the quarter, Arlo posted $65.5 million in revenue, which was 13% higher than in the same period last year. Per non-GAAP (adjusted) standards, net loss narrowed to $25.8 million ($0.34 per share), from Q1 2019's $35.3 million.
Source Fool.com
