Advertisement
UK markets closed
  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     
  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     
  • CRUDE OIL

    79.15
    +0.16 (+0.20%)
     
  • GOLD FUTURES

    2,316.90
    -5.40 (-0.23%)
     
  • DOW

    39,056.39
    +172.13 (+0.44%)
     
  • Bitcoin GBP

    49,026.15
    -1,273.81 (-2.53%)
     
  • CMC Crypto 200

    1,308.31
    +13.63 (+1.05%)
     
  • NASDAQ Composite

    16,302.76
    -29.80 (-0.18%)
     
  • UK FTSE All Share

    4,544.24
    +21.25 (+0.47%)
     

Why Arlo Technologies Stock Just Popped

Why Arlo Technologies Stock Just Popped

Shares of Arlo Technologies (NYSE: ARLO) took off on Wednesday, rising 12.6% through 2:40 p.m. EST a day after reporting an earnings beat for its fiscal fourth quarter of 2020. Analysts had forecast that the maker of Internet-of-Things (IoT) wireless security cameras, audio and video doorbells, and floodlights would lose $0.18 per share (pro forma) on $111.6 million in sales in Q4. Instead, Arlo reported an $0.08-per-share loss, and sales of $114.8 million.