Ultralife Corp reports results for the quarter ended June 30 - Earnings Summary

• Ultralife Corp ULBI.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 22 cents. The lone analyst forecast for the quarter was for earnings of 14 cents per share.

• Revenue rose 13% to $48.56 million from a year ago; analysts expected $51.00 million.

• Ultralife Corp's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $879 thousand.

• Ultralife Corp shares had fallen by 9.1% this quarter and gained 9.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

This summary was machine generated from LSEG data August 7 at 04:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)