Ubiquiti (NYSE:UI) reported its Q2 earnings results on Friday, February 9, 2024 at 07:02 AM.
Here’s what investors need to know about the announcement.
Earnings
Ubiquiti missed estimated earnings by 15.85%, reporting an EPS of $1.38 versus an estimate of $1.64.
Revenue was down $28.62 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.43 which was followed by a 14.66% drop in the share price the next day.
Here’s a look at Ubiquiti’s past performance:
| Quarter | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.90 | 1.80 | 1.96 | 1.29 |
| EPS Actual | 1.47 | 1.73 | 1.65 | 1.87 |
| Revenue Estimate | 547.87M | 483.41M | 487.86M | 477.32M |
| Revenue Actual | 463.08M | 491.08M | 457.77M | 493.57M |
To track all earnings releases for Ubiquiti visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
