Investing.com - Samsara Inc (NYSE:IOT) dipped 8.2% in after-hours trade on Thursday, despite reporting stronger than expected earnings for the first quarter and issued strong guidance.
Earnings per share was reported at $0.03 versus $0.01 expected, while revenues came in at $280.7 million versus $272.42 million expected.
Sanjit Biswas, CEO and co-founder of Samsara said, "We delivered a strong first quarter of the new fiscal year with Q1 revenue of $280.7 million, growing 37% year-over-year, the same year-over-year adjusted revenue growth as last quarter at a larger scale. As the strategic partner to the world’s leading and most complex physical operations organizations, we are focused on delivering clear and fast ROI for our customers and improving their operations."
Looking ahead, the company provided guidance for the second quarter and full year 2025.
For Q2 2025, the company anticipates EPS to range from $0.00 to $0.01, aligning with the consensus estimate of $0.01. Revenue is expected to be between $288 million and $290 million, slightly above the consensus estimate of $287.3 million.
For the full year 2025, Samsara Inc forecasts an EPS between $0.13 and $0.15, surpassing the consensus estimate of $0.12. The company also projects its revenue to be in the range of $1.205 billion to $1.213 billion, slightly above the consensus estimate of $1.2 billion.