Samsara under pressure on Wall Street

(Boursier.com) — samsara reported adjusted earnings per share of 3 cents for its first fiscal quarter, compared to a consensus of 1 cent and a loss a year earlier. The group’s revenues were $281 million in the quarter ended in April, exceeding expectations by 3%. In the corresponding period last year, turnover stood at $204 million. The American IoT group therefore achieved growth of 37% over the period. Revenues for the current quarter are expected to be around $289 million in the middle of the range and in line with consensus. EPS is expected to be in balance or positive one cent, as anticipated. It is forecast between 13 and 15 cents for the year, compared to 12 cents consensus. Finally, annual revenues are expected between 1.205 and 1.213 billion. The stock nevertheless stumbled after the market yesterday evening on Wall Street.