Ubiquiti Networks (UBNT) Tops Q1 EPS by 6c, Beats on Revenues; Offers Q2 EPS/Revenue Guidance Below Consensus

Ubiquiti Networks (NASDAQ: UBNT) reported Q1 EPS of $0.92, $0.06 better than the analyst estimate of $0.86. Revenue for the quarter came in at $245.9 million versus the consensus estimate of $235.52 million.

Business Outlook

Based on recent business trends, Ubiquiti currently believes the demand environment in its end markets supports the following forecast for the Company\'s second fiscal quarter ending December 31, 2017:

• Revenues of between $240 million and $250 million;
• GAAP diluted EPS of $0.85 - $0.92;
• Gross margins are expected to remain consistent on a sequential basis; and
• An effective tax rate of 13.5%.

First Quarter Fiscal 2018 Financial Summary

• Revenues of $245.9 million, increased 20.1% year-over-year
• GAAP gross profit of $111.7 million, representing 45.4% of revenues
• GAAP and non-GAAP net income of $74.9 million
• GAAP and non-GAAP diluted EPS of $0.92

GUIDANCE:

Ubiquiti Networks sees Q2 2018 EPS of $0.85-$0.92, versus the consensus of $0.94. Ubiquiti Networks sees Q2 2018 revenue of $240-250 million, versus the consensus of $251.45 million.

For earnings history and earnings-related data on Ubiquiti Networks (UBNT) click here.

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