Ubiquiti Fiscal Q3 Adjusted Earnings, Revenue Rise; Shares Down

MT Newswires Live

05/08

Ubiquiti (UI) reported fiscal Q3 non-GAAP net income Friday of $3.88 per diluted share, up from $3 a year earlier.

An analyst polled by FactSet expected $4.29.

Revenue for the quarter ended March 31 was $788.2 million, up from $664.2 million a year earlier.

An analyst surveyed by FactSet expected $814.3 million.

The company's shares were down 4.7% in recent premarket trading.

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