12:03 PM EST, 03/08/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Samsara (IOT) shares rose 14% in recent Friday trading, a day after the company posted better-than-expected quarterly results.

The company reported fiscal Q4 adjusted earnings of $0.04 per diluted share, compared with a loss of $0.02 a year earlier. Analysts polled by Capital IQ expected normalized EPS of $0.03.

Revenue in the quarter ended Feb. 3 rose to $276.3 million from $186.6 million a year earlier. Analysts polled by Capital IQ expected $258.3 million.

In fiscal Q1, the company expects to report a breakeven to $0.01 EPS on an adjusted basis and revenue of $271 million to $273 million. Analysts polled by Capital IQ are expecting normalized EPS of $0.01 and revenue of $272.4 million.

In fiscal 2025, the company expects adjusted EPS of $0.11 to $0.13 and revenue of $1.19 billion to $1.2 billion. Analysts polled by Capital IQ are expecting normalized EPS of $0.12 and revenue of $1.2 billion.

Price: 39.33, Change: +4.97, Percent Change: +14.46