Samsara Sinks After Earnings Despite Beat Traders Blame on Guidance
Samsara Inc. dropped after hours Thursday. The company topped fiscal Q1 estimates, but its Q2 outlook didn’t give much for investors hoping for another beat. Shares last traded down $1.04 at $35.21, with more than 11 million changing hands. Samsara knocked out better-than-expected results, but the stock had run up and traders wanted more. The San Francisco firm, focused on fleet tech, industrial data and AI, came in ahead of Wall Street’s forecasts. Shares dropped after hours, adding to a 3% decline in the regular session, Barron’s said.