Ubiquiti (NYSE:UI) reported its Q2 earnings results on Friday, February 4, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Ubiquiti missed estimated earnings by 27.51%, reporting an EPS of $1.66 versus an estimate of $2.29, which surprised analysts.
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Revenue was up $47.84 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.17, which was followed by a 1.14% drop in the share price the next day.
Here's a look at Ubiquiti's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.29 | 2.34 | 2.18 | 1.77 |
| EPS Actual | 2.12 | 2.47 | 2.30 | 2.53 |
| Revenue Estimate | 493.75M | 463.93M | 427.42M | 375.49M |
| Revenue Actual | 458.91M | 477.89M | 467.24M | 479.44M |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
