From Financial Modeling Prep: 2024-12-06 11:24:00

Samsara (NYSE:IOT) beat Q3 earnings estimates with $0.07 EPS and $322 million revenue, up 36% YoY. However, revenue growth slowed from 43% to 36% compared to the previous quarter. Annual recurring revenue reached $1.35 billion, up 35% YoY. Samsara raised its fiscal 2025 EPS outlook to $0.22-$0.23 and revenue forecast to $1.237-$1.239 billion.

Investors reacted to Samsara’s Q3 results by pushing shares down over 5% intra-day, despite the company exceeding expectations and raising full-year guidance. The deceleration in revenue growth from the previous quarter may have contributed to the market’s response. Samsara’s strong performance and increased financial outlooks were overshadowed by the growth slowdown.



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