uCloudlink Group Inc. (UCL) reported a profit for third quarter that beat the Street estimates.
The company's bottom line came in at $3.39 million, or $0.09 per share. This compares with $3.49 million, or $0.09 per share, in last year's third quarter.
Analysts on average had expected the company to earn $0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.6% to $25.19 million from $23.86 million last year.
uCloudlink Group Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $3.39 Mln. vs. $3.49 Mln. last year.
-EPS (Q3): $0.09 vs. $0.09 last year.
-Revenue (Q3): $25.19 Mln vs. $23.86 Mln last year.
-Guidance:
Next quarter revenue guidance: $25.0 - $30.0 Mln
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