U.S. Markets close in 34 mins
  • S&P 500

    3,665.60
    +3.15 (+0.09%)
     
  • Dow 30

    29,862.73
    +38.81 (+0.13%)
     
  • Nasdaq

    12,340.42
    -14.69 (-0.12%)
     
  • Russell 2000

    1,839.89
    +3.85 (+0.21%)
     
  • Crude Oil

    45.24
    +0.69 (+1.55%)
     
  • Gold

    1,832.80
    +13.90 (+0.76%)
     
  • Silver

    24.17
    +0.08 (+0.35%)
     
  • EUR/USD

    1.2101
    +0.0022 (+0.1815%)
     
  • 10-Yr Bond

    0.9480
    +0.0140 (+1.50%)
     
  • Vix

    20.87
    +0.10 (+0.48%)
     
  • GBP/USD

    1.3359
    -0.0064 (-0.4769%)
     
  • USD/JPY

    104.5190
    +0.2030 (+0.1946%)
     
  • BTC-USD

    19,055.46
    +61.55 (+0.32%)
     
  • CMC Crypto 200

    373.80
    +8.89 (+2.44%)
     
  • FTSE 100

    6,463.39
    +78.66 (+1.23%)
     
  • Nikkei 225

    26,800.98
    +13.44 (+0.05%)
     

Universal Electronics: 3Q Earnings Snapshot

·1 min read

SCOTTSDALE, Ariz. (AP) _ Universal Electronics Inc. (UEIC) on Thursday reported third-quarter net income of $6.2 million.

On a per-share basis, the Scottsdale, Arizona-based company said it had profit of 43 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 92 cents per share.

The remote control maker posted revenue of $153.5 million in the period.

For the current quarter ending in December, Universal Electronics expects its per-share earnings to range from 93 cents to $1.03.

The company said it expects revenue in the range of $150 million to $160 million for the fiscal fourth quarter.

Universal Electronics shares have dropped 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $38.30, a fall of 30% 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 UEIC at https://www.zacks.com/ap/UEIC