Samsara Reports Better-Than-Expected Q3 Results: Details - Samsara (NYSE:IOT) - Benzinga
Samsara, Inc.(NYSE:IOT)stock remained mostly flat in Thursday's extended trading after the company released its third-quarter earnings report. Here's a lookat the details inside.
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Samsara, Inc.(NYSE:IOT)stock remained mostly flat in Thursday's extended trading after the company released its third-quarter earnings report. Here's a lookat the details inside.
The Details:Samsara reported quarterly earnings of 15 cents per share, which beat the analyst estimate of 12 cents.
Quarterly revenue of $415.98 million beat the Street estimate of $398.47 million and was up from revenue of $321.98 million from the same period last year.
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Samsara reported the following third-quarter highlights:
“Samsara had another strong quarter of durable and efficient growth, ending Q3 with $1.75 billion in ARR,” saidSanjit Biswas, CEO of Samsara.
“Our momentum is driven by our partnership with some of the world’s largest and most complex physical operations organizations,” Biswas added.
IOT Stock Price:According to data fromBenzinga Pro, Samsara stock was down 0.27% to $40.71 in Thursday's extended trading.
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