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Better-than-expected earnings results for the fourth quarter are sending shares of Samsara Inc (NYSE:IOT) higher after the close on Thursday. Here’s what you need to know from the print.
- Samsara stock is among today’s top performers. Why is IOT stock surging?
Samsara Tops Estimates In Q4, Sees Continued Growth Ahead
Samsara beat analyst estimates on the top and bottom lines in the fourth quarter, reporting revenue of $444.30 million versus estimates of $422.26 million, and adjusted earnings per share of 18 cents versus estimates of 13 cents.
Total revenue increased 28% year-over-year as net new annual recurring revenue (ARR) jumped 33% to $144.8 million. Samsara ended …
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