Ucloudlink Group Q4 Sales $21.73M Miss $23.60M Estimate, Adj. Net Income Of $1.1M Down From $1.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Ucloudlink Group (NASDAQ:UCL) reported Q4 sales of $21.73M, missing the $23.60M estimate, a 7.92% miss but a 10.81% increase YoY. Adjusted net income was $1.1M, down from $1.3M YoY.
March 14, 2024 | 9:07 am
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NEGATIVE IMPACT
Ucloudlink Group reported Q4 sales of $21.73M, missing estimates by 7.92%, with adjusted net income falling to $1.1M from $1.3M YoY.
Missing sales estimates and a decrease in adjusted net income YoY are negative indicators that could lead to a short-term decrease in UCL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100