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.
