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Investing.com - Ucloudlink reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ucloudlink announced earnings per share of $-0.02 on revenue of $18.21M. Analysts polled by Investing.com EPS of $-0.09 on revenue of $19.8M.
Ucloudlink 's are down 70% and is trading at $1.94 , still down 72.17% from its 52 week high of $6.97 set on Friday, December 31, 2021.
Ucloudlink shares lost 6.28% to trade at $1.94 in intra-day trade the report.
Ucloudlink follows other major Communication Services sector earnings this month
Ucloudlink's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, EPS of $1.26 on revenue of $71B.
Tencent ADR had beat expectations on Tuesday with third quarter EPS of $0.47 on revenue of $19.92B, for EPS of $0.4463 on revenue of $20.14B.
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