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Universal Electronics: 3Q Earnings Snapshot

SCOTTSDALE, Ariz. (AP) _ Universal Electronics Inc. (UEIC) on Thursday reported third-quarter profit of $2.7 million.

On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 19 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $1.01 per share.

The remote control maker posted revenue of $200.7 million in the period.

For the current quarter ending in December, Universal Electronics expects its per-share earnings to range from 79 cents to 89 cents.

The company said it expects revenue in the range of $173 million to $183 million for the fiscal fourth quarter.

Universal Electronics shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.93, an increase of 67% 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