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SCOTTSDALE, Ariz. (AP) _ Universal Electronics Inc. (UEIC) on Thursday reported fourth-quarter net income of $12.2 million.
The Scottsdale, Arizona-based company said it had profit of 86 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.14 per share.
The remote control maker posted revenue of $156.3 million in the period.
For the year, the company reported profit of $38.6 million, or $2.72 per share. Revenue was reported as $614.7 million.
For the current quarter ending in April, Universal Electronics expects its per-share earnings to range from 83 cents to 93 cents.
The company said it expects revenue in the range of $150 million to $160 million for the fiscal first quarter.
Universal Electronics shares have increased 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $57.99, a rise of 31% in the last 12 months.