Wheels Up Experience Q2 EPS $(6.28) Vs. $(3.80) Prior Year, Sales $335.06M Miss $352.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wheels Up Experience (NYSE:UP) reported Q2 losses of $(6.28) per share, missing the analyst consensus estimate of $(3.19) by 96.87%. This is a 151.2% decrease from the same period last year. The company also reported quarterly sales of $335.06M, missing the analyst consensus estimate of $352.81M by 5.03%. This is a 21.26% decrease from the same period last year.
August 14, 2023 | 9:18 pm
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Wheels Up Experience reported larger than expected losses and lower than expected sales for Q2. This could negatively impact the company's stock in the short term.
Wheels Up Experience reported a significant miss on both earnings per share and sales for Q2. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100