ContextLogic: Q1 Earnings Insights

ContextLogic WISH reported its Q1 earnings results on Thursday, May 4, 2023 at 04:10 PM.

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

ContextLogic missed estimated earnings by 0.79%, reporting an EPS of $-3.83 versus an estimate of $-3.8.

Revenue was down $93.00 million from the same period last year.

Last quarter the company beat on EPS by $0.6 which was followed by a 28.7% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-5.4	-6	-4.8	-4.2
EPS Actual	-4.8	-5.4	-3.9	-1.8
Revenue Estimate	152.02M	155.99M	164.40M	212.19M
Revenue Actual	123.00M	125.00M	134.00M	189.00M

To track all earnings releases for ContextLogic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.