Ubiquiti Q4 Adj $1.74 Beats $1.73 Estimate, Sales $507.46M Miss $511.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ubiquiti reported Q4 earnings of $1.74 per share, slightly beating the estimate of $1.73. However, sales of $507.46M missed the $511.62M estimate. Earnings increased by 0.58% and sales by 3.33% compared to the same period last year.
August 23, 2024 | 11:12 am
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Ubiquiti's Q4 earnings slightly beat expectations, but sales fell short. Earnings per share were $1.74, just above the $1.73 estimate, while sales were $507.46M, below the $511.62M estimate.
The earnings beat is positive, but the sales miss could offset this, leading to a neutral short-term impact on the stock price. Investors may react to the mixed results with caution.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100