Ubiquiti Networks (UBNT) Tops Q3 EPS by 5c, Beats on Revenues

Ubiquiti Networks (NASDAQ: UBNT) reported Q3 EPS of $0.98, $0.05 better than the analyst estimate of $0.93. Revenue for the quarter came in at $250.4 million versus the consensus estimate of $247.92 million.

• GAAP and Non-GAAP EPS of $1.32 and $0.98, respectively
• Revenues of $250.4 million, increasing 14.7% year-over-year
• Repurchased 4,389,195 shares of common stock through May 7, 2018, at an average price of $66.53 per share
• Initiated a new $200 million stock repurchase program, as disclosed in the Form 8-K filed on May 10, 2018
• Repatriated $677.2 million in cash from foreign subsidiaries to U.S. banks
• Entered into a new credit facility, providing for a $500 million term loan and $400 million revolving credit facility, as disclosed in the Form 8-K filed on January 23, 2018

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

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