Wheels Up Experience Q1 GAAP EPS $(0.14) Up From $(3.10) YoY, Sales $197.10M Miss $376.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wheels Up Experience (NYSE:UP) reported a Q1 GAAP EPS of $(0.14), improving from $(3.10) YoY, but missed sales estimates with $197.10M against the expected $376.18M. Sales decreased by 43.98% from last year's $351.81M.
May 09, 2024 | 12:33 pm
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NEGATIVE IMPACT
Wheels Up Experience reported improved Q1 EPS but missed sales estimates significantly, with a 43.98% YoY decrease in sales.
The significant miss in sales estimates and the year-over-year decrease in sales are likely to negatively impact investor sentiment towards UP in the short term, despite the improvement in EPS.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100