Recap: Ucloudlink Group Q1 Earnings

Recap: Ucloudlink Group Q1 Earnings

 

Ucloudlink Group UCL reported its Q1 earnings results on Tuesday, May 31, 2022 at 05:00 AM.

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

Earnings

Ucloudlink Group missed estimated earnings by 650.0%, reporting an EPS of $-0.15 versus an estimate of $-0.02.

Revenue was down $2.08 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.19 which was followed by a 0.51% drop in the share price the next day.

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

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.02 -0.02 -0.25 -0.28
EPS Actual -0.21 -0.21 -0.21 -0.26
Revenue Estimate 17.55M 19.55M 18.64M 17.25M
Revenue Actual 17.57M 19.32M 19.24M 17.69M

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: BZI-RecapsEarningsNews

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