Ubiquiti Q1 EPS $1.47 Down From $1.55 YoY, Sales $463.10M Down From $498.08M YoY
Portfolio Pulse from Benzinga Newsdesk
Ubiquiti's Q1 earnings per share (EPS) has decreased to $1.47 from $1.55 year-on-year (YoY). Additionally, sales have also dropped to $463.10M from $498.08M YoY.
November 03, 2023 | 3:45 pm
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NEGATIVE IMPACT
Ubiquiti's Q1 earnings and sales have both decreased YoY, which may negatively impact the company's stock price in the short term.
Ubiquiti's lower Q1 earnings and sales YoY indicate a potential decrease in profitability, which could lead to a negative investor sentiment and a potential decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100