UNIVERSAL ELECTRONIC

UEIC
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Universal Electronics: Q3 Earnings Snapshot

11/04/2021 | 07:10pm

SCOTTSDALE, Ariz. (AP) _ Universal Electronics Inc. (UEIC) on Thursday reported a loss of $955,000 in its third quarter.

The Scottsdale, Arizona-based company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were $1.03 per share.

The remote control maker posted revenue of $155.6 million in the period.

For the current quarter ending in December, Universal Electronics expects its per-share earnings to range from 65 cents to 80 cents.

The company said it expects revenue in the range of $143 million to $158 million for the fiscal fourth quarter.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UEIC at https://www.zacks.com/ap/UEIC

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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