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Recap: ContextLogic Q1 Earnings

ContextLogic (NASDAQ:WISH) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings ContextLogic beat estimated earnings by 57.14%, reporting an EPS of $-0.06 versus an estimate of $-0.14.
byBenzinga Insights
May 5, 2022
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ContextLogic (NASDAQ:WISH) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.

Here’s what investors need to know about the announcement.

Earnings

ContextLogic beat estimated earnings by 57.14%, reporting an EPS of $-0.06 versus an estimate of $-0.14.

Revenue was down $583.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 5.73% drop in the share price the next day.

Here’s a look at ContextLogic’s past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.09 -0.15 -0.14 -0.18
EPS Actual -0.03 -0.05 -0.18 -0.21
Revenue Estimate 313.47M 353.62M 722.92M 743.09M
Revenue Actual 289.00M 368.00M 656.00M 772.00M

To track all earnings releases for ContextLogic visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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