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

Ucloudlink

31/05/2022 14:31

* Ucloudlink Group Inc  UCL.OQ  reported a quarterly
adjusted loss
of 14 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 2
cents per share.
    * Revenue fell 11.8% to $15.61 million from a year ago; 
analysts
expected $15.20 million. 
    * Ucloudlink Group Inc's reported EPS for the quarter was a
loss
of 27 cents​.
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ucloudlink Group Inc shares had fallen by 33.5% this
quarter and
lost 82.2% so far this year.
    * The company reported a quarterly loss of $7.92 million.
    * Wall Street's median 12-month price target for Ucloudlink
Group
Inc is $14.88 

This summary was machine generated May 31 at 01:30 p.m.  ​All
figures in US dollars unless otherwise stated