CARLSBAD, Calif. (AP) 鈥� CARLSBAD, Calif. (AP) 鈥� Arlo Technologies Inc. (ARLO) on Thursday reported first-quarter net income of $14.9 million, after reporting a loss in the same period a year earlier.
The Carlsbad, California-based company said it had net income of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 28 cents per share.
The maker of smart connected devices posted revenue of $150.4 million in the period.
For the current quarter ending in June, Arlo Technologies expects its per-share earnings to range from 17 cents to 23 cents.
The company said it expects revenue in the range of $145 million to $155 million for the fiscal second quarter.
Arlo Technologies shares have climbed nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.94, a rise of 44% in the last 12 months.
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