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.
