Stock Track | Samsara Plunges 11.89% After-Hours as Q1 Revenue Outlook Misses Estimates

Stock Track

03-07

Samsara Inc.'s stock experienced a sharp decline in the after-hours trading session on Thursday, plummeting 11.89%. This significant drop came after the company provided its financial outlook for the first quarter.

According to the company's guidance, Samsara expects to report adjusted earnings per share (EPS) between $0.05 and $0.06 for the first quarter. While this range aligns with analysts' estimates of $0.05 EPS, the projected revenue outlook fell short of expectations.

Samsara forecasted revenue in the range of $350 million to $352 million for the upcoming quarter. However, analysts' consensus estimates had anticipated revenue of $351.35 million, slightly higher than the company's guidance.

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