Ucloudlink Group: Q3 Earnings Insights

Ucloudlink Group 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.

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.

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.

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