Recap: Unifi Q2 Earnings
Portfolio Pulse from Benzinga Insights
Unifi (NYSE:UFI) reported Q2 earnings with an EPS of $-0.81, beating the estimate by 4.71%. Revenue increased by $705 thousand compared to the same period last year. Despite beating this quarter's estimates, Unifi's share price dropped 8.09% the day after missing EPS estimates last quarter.
January 31, 2024 | 9:50 pm
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Unifi reported better-than-expected Q2 earnings with an EPS of $-0.81, surpassing estimates by 4.71%, and a revenue increase from the previous year.
Unifi's positive earnings surprise and year-over-year revenue growth are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the historical drop in share price following last quarter's earnings miss may temper expectations.
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