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Ucloudlink Group: Q3 Earnings Insights

Author: Benzinga Insights | November 15, 2023 07:10am

Ucloudlink Group (NASDAQ:UCL) reported its Q3 earnings results on Wednesday, November 15, 2023 at 04:00 AM.

Here's what investors need to know about the announcement.

Earnings

Ucloudlink Group missed estimated earnings by 66.67%, reporting an EPS of $0.01 versus an estimate of $0.03.

Revenue was up $5.65 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 6.2% drop in the share price the next day.

Here's a look at Ucloudlink Group's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.02 -0.040 -0.08 -0.07
EPS Actual 0.05 0.049 0.04 0.02
Revenue Estimate 21.65M 17.95M 20.20M 18.90M
Revenue Actual 21.98M 18.01M 19.61M 18.21M

To track all earnings releases for Ucloudlink Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: UCL

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