Ucloudlink Group Expects Q2 Revenue of $22M-$24M Vs $25.05M Est
Portfolio Pulse from Benzinga Newsdesk
Ucloudlink Group expects Q2 2024 revenue to be between $22M and $24M, which is below the estimated $25.05M. This represents a year-over-year increase of 0.1% to 9.2%.
May 15, 2024 | 9:09 am
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Ucloudlink Group's Q2 2024 revenue forecast of $22M-$24M is below the estimated $25.05M, indicating potential investor concern despite year-over-year growth.
The revenue forecast falling short of estimates suggests potential investor disappointment, which could lead to short-term stock price pressure. However, the year-over-year growth may mitigate some negative sentiment.
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