Universal Electronics: Q3 Earnings Snapshot

Associated Press Finance
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SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Universal Electronics Inc. (UEIC) on Thursday reported a loss of $19.4 million in its third quarter.

The Scottsdale, Arizona-based company said it had a loss of $1.50 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 8 cents per share.

The remote control maker posted revenue of $107.1 million in the period.

For the current quarter ending in December, Universal Electronics expects its results to range from a loss of 5 cents per share to earnings of 5 cents per share.

The company said it expects revenue in the range of $95 million to $105 million for the fiscal fourth quarter.

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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

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