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Samsara Stock Slips Despite Better-Than-Expected Q1 Report
Benzinga· 2025-06-05 20:36
Core Insights - Samsara, Inc. reported strong first-quarter results, with adjusted earnings of 11 cents per share, surpassing the consensus estimate of 6 cents [1] - The company achieved quarterly revenue of $366.9 million, exceeding the Street estimate of $351.42 million, and reflecting a 32% year-over-year growth in constant currency [2] Financial Performance - Adjusted earnings per share (EPS) for the first quarter were 11 cents, beating the expected 6 cents [1] - Quarterly revenue reached $366.9 million, higher than the anticipated $351.42 million [1] - The company raised its fiscal 2026 adjusted EPS guidance to a range of 39 cents to 41 cents, compared to the previous estimate of 34 cents [3] - Fiscal revenue guidance was increased to $1.55 billion, up from the prior estimate of $1.53 billion [3] Market Reaction - Following the earnings report, Samsara's stock experienced a decline of 10.58%, trading at $42.25 during extended trading hours [3]