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.

Earnings

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.

Past Earnings Performance

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.

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