Ucloudlink Group Inc reports results for the quarter ended in June - Earnings Summary

Ucloudlink

24/08/2022 09:21

* Ucloudlink Group Inc  UCL.OQ  reported a quarterly
adjusted loss
of 2 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 19
cents per share.
    * Revenue fell 6.3% to $18.02 million from a year ago;
analysts
expected $17.04 million. 
    * Ucloudlink Group Inc's reported EPS for the quarter was a
loss
of 2 cents​.
    * The mean earnings estimate of analysts had fallen by
about 46.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ucloudlink Group Inc shares had fallen by 45.1% this
quarter and
lost 90.6% so far this year.
    * The company reported a quarterly loss of $6.29 million.
    * Wall Street's median 12-month price target for Ucloudlink
Group
Inc is $7.88 

This summary was machine generated from Refinitiv data August 24
at 08:21 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.19          -0.02          Beat
 Mar. 31 2022      -0.02          -0.14          Missed
 Dec. 31 2021      -0.02          -0.20          Missed
 Sep. 30 2021      -0.02          -0.02          Met