Ubiquiti: Q2 Earnings Insights

Ubiquiti 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.

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.

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.

Earnings Calendar