Ucloudlink Group: Q2 Earnings Insights

 

Ucloudlink Group UCL reported its Q2 earnings results on Wednesday, August 24, 2022 at 05:00 AM.

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

Earnings

Ucloudlink Group beat estimated earnings by 73.68%, reporting an EPS of $-0.05 versus an estimate of $-0.19.

Revenue was down $1.22 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.13 which was followed by a 0.86% drop in the share price the next day.

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

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.02 -0.02 -0.02 -0.25
EPS Actual -0.15 -0.21 -0.21 -0.21
Revenue Estimate 15.19M 17.55M 19.55M 18.64M
Revenue Actual 15.61M 17.57M 19.32M 19.24M

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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