Ubiquiti Q3 Adj $1.28 Misses $1.56 Estimate, Sales $493.00M Beat $479.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ubiquiti reported Q3 adjusted earnings of $1.28 per share, missing the $1.56 estimate, with sales of $493M beating the $479.64M estimate. This represents a 22.42% decrease in earnings and a 7.69% increase in sales year-over-year.

May 10, 2024 | 11:06 am
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NEGATIVE IMPACT
Ubiquiti's Q3 earnings missed estimates with a significant decrease in earnings per share compared to last year, though sales exceeded expectations.
The miss in earnings per share (EPS) is likely to negatively impact investor sentiment in the short term, despite the sales beat. The significant decrease in EPS year-over-year could raise concerns about profitability and operational efficiency, potentially leading to a decrease in stock price. However, the sales growth indicates that the company is still expanding its market presence, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100