Why Samsara Stock Is Plummeting Today
Samsara (NYSE: IOT) stock is plunging in Friday's trading following the company's earnings report. The Internet of Things (IoT) company's share price was down 17.3% as of 12:30 p.m. ET.Samsara published its Q4 results yesterday and actually delivered sales and earnings that beat Wall Street's targets. But the company's forward guidance came in a bit below the market's expectations, and investors are concerned about slowing growth and softening margins.Samsara posted non-GAAP (adjusted) earnings per share of $0.11 on sales of $346.29 million in the fourth quarter, which came in ahead of the average analyst estimate's call for per-share earnings of $0.07 on sales of $335.6 million.Continue reading
Samsara (NYSE: IOT) stock is plunging in Friday's trading following the company's earnings report. The Internet of Things (IoT) company's share price was down 17.3% as of 12:30 p.m. ET.
Samsara published its Q4 results yesterday and actually delivered sales and earnings that beat Wall Street's targets. But the company's forward guidance came in a bit below the market's expectations, and investors are concerned about slowing growth and softening margins.
Samsara posted non-GAAP (adjusted) earnings per share of $0.11 on sales of $346.29 million in the fourth quarter, which came in ahead of the average analyst estimate's call for per-share earnings of $0.07 on sales of $335.6 million.
