U.S. Markets open in 8 hrs 43 mins

Ubiquiti: Fiscal 3Q Earnings Snapshot

NEW YORK (AP) _ Ubiquiti Networks Inc. (UBNT) on Friday reported fiscal third-quarter net income of $88.3 million.

The New York-based company said it had profit of $1.25 per share. Earnings, adjusted for one-time gains and costs, came to $1.26 per share.

The computer networking company posted revenue of $284.9 million in the period.

Ubiquiti shares have risen 57% since the beginning of the year. The stock has more than doubled in the last 12 months.

_____

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