Universal Electronics Q2 EPS $(0.09) Misses $(0.04) Estimate, Sales $90.45M Miss $95.09M Estimate
Portfolio Pulse from totan@benzinga.com
Universal Electronics (NASDAQ:UEIC) reported Q2 losses of $(0.09) per share, missing the $(0.04) estimate by 125%. Sales were $90.45M, missing the $95.09M estimate by 4.88%. Compared to last year, losses improved by 62.5%, but sales decreased by 15.77%.
August 08, 2024 | 8:12 pm
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Universal Electronics reported Q2 losses of $(0.09) per share, missing the $(0.04) estimate by 125%. Sales were $90.45M, missing the $95.09M estimate by 4.88%. Losses improved by 62.5% YoY, but sales decreased by 15.77%.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. Although the company showed improvement in reducing losses compared to last year, the decrease in sales and the substantial miss on analyst expectations will likely weigh heavily on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100