Stock Track | Samsara Plunges 8.4% Despite Q3 Beat as Q4 Revenue Outlook Misses Estimates

Stock Track

Dec 06, 2024

Shares of Samsara, Inc. (IOT) plunged 8.4% during Friday's pre-market trading session, following the company's mixed fiscal third-quarter earnings report late Thursday. Despite beating earnings and revenue expectations, Samsara's weaker-than-expected revenue guidance for the current quarter raised concerns among investors.

For the third quarter, Samsara reported non-GAAP earnings per share of $0.07, up from $0.04 a year ago and above analysts' estimates of $0.04. Revenue grew 36% year-over-year to $322 million, also exceeding Wall Street's expectations of $310.6 million.

However, the company's guidance for the fourth quarter fell short of analysts' projections. Samsara forecast revenue between $334 million and $336 million, slightly below the consensus estimate of $335.8 million, sparking a sell-off in the stock.

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(IOT) plunged 8.4% during Friday's pre-market trading session, following the company's mixed fiscal third-quarter earnings report late Thursday. Despite beating earnings and revenue expectations, Samsara's weaker-than-expected revenue guidance for the current quarter raised concerns among investors.</p>\n\n<p>For the third quarter, Samsara reported non-GAAP earnings per share of $0.07, up from $0.04 a year ago and above analysts' estimates of $0.04. Revenue grew 36% year-over-year to $322 million, also exceeding Wall Street's expectations of $310.6 million.</p>\n\n<p>However, the company's guidance for the fourth quarter fell short of analysts' projections. Samsara forecast revenue between $334 million and $336 million, slightly below the consensus estimate of $335.8 million, sparking a sell-off in the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IOT","symbol_name":"Samsara, Inc.","start_time":0,"source_url":"","article_id":"1129270657","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129270657","pubTimestamp":1733474699,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Samsara, Inc.  plunged 8.4% during Friday's pre-market trading session, following the company's mixed fiscal third-quarter earnings report late Thursday. 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