Samsara Earns Frost & Sullivan’s 2023 Company of the Year Award

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Go back to Samsara Earns Frost & Sullivan’s 2023 Company of the Year Award

Samsara Inc (IOT) surges as earnings beat and ARR crosses $1bn

December 1, 2023 8:32 AM EST

Samsara Inc (NYSE: IOT) shares surged 14% premarket after the company reported quarterly earnings that topped analyst consensus expectations.

The company reported third-quarter earnings of $0.04 per share, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $237.5 million, up 40% YoY and above the consensus estimate of $224.65 million.

IOT had an ending ARR of $1.003 billion, representing a 39% increase, while it also... More