Arlo Technologies: Q1 Earnings Snapshot

CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Arlo Technologies Inc. (ARLO) on Thursday reported a loss of $14.2 million in its first quarter.

The Carlsbad, California-based company said it had a loss of 16 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.

The maker of smart connected devices posted revenue of $111 million in the period.

For the current quarter ending in June, Arlo Technologies expects its per-share earnings to range from 1 cent to 7 cents.

Arlo Technologies shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.05, a rise of slightly more than 6% in the last 12 months.

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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