Samsara Stock Drops Despite Earnings Beat, Guidance Boost

Samsara shares dropped in extended trading on Thursday even as the fleet-management software provider reported quarterly results above analysts' expectations and lifted its full-year earnings and sales outlooks. CEO Sanjit Biswas said that he expects the company to produce ongoing strong growth at scale as customers in other industries adopt its platform, though he did point out that Samsara's full-year outlook accounts for potentially deteriorating macroeconomic factors. Monitor the $31 level, an area on t ...