Recap: Ubiquiti Q1 Earnings

Ubiquiti UI reported its Q1 earnings results on Friday, November 4, 2022 at 07:00 AM.

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

Ubiquiti missed estimated earnings by 2.52%, reporting an EPS of $1.55 versus an estimate of $1.59.

Revenue was up $39.17 million from the same period last year.

Last quarter the company beat on EPS by $0.33 which was followed by a 0.88% drop in the share price the next day.

Here's a look at Ubiquiti's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.21	1.78	2.29	2.29
EPS Actual	1.54	0.83	1.66	2.12
Revenue Estimate	386.97M	447.50M	467.79M	493.75M
Revenue Actual	443.14M	358.07M	431.60M	458.91M

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.