Universal Electronics (NASDAQ: UEIC) reported Q2 EPS of $0.67, $0.01 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $147.6 million versus the consensus estimate of $147.34 million.

Paul Arling, UEI's Chairman and CEO, stated: “Our second quarter financial results were in line with our expectations as we achieved net sales of $147.6 million and EPS of $0.67. It is important to note 2014 represented the most successful year in UEI’s history, making these 2015 results all the more impressive. We believe this is just the beginning. Today, we announced an agreement to acquire the assets of Ecolink, a leading provider of smart home solutions. Coupling these solutions with our existing products and technologies, we will enable the various devices in the increasingly complex home to be controlled by and/or communicate with each other. Most significantly for UEI, we now have a broader set of solutions to offer our existing service provider customers who are at the forefront of this trend.”

“In addition, just last week we reached an important milestone as QuickSet has now shipped in more than 150 million devices around the world. Industry-leading companies continue to adopt our products and technologies as they seek to provide consumers with increasingly advanced features for controlling their home entertainment devices. We saw below average order volumes from some of our customers in the second quarter as they depleted their existing inventories in advance of their new advanced product rollouts. We expect our customers to ramp up their orders for these new products in the second half of 2015.”

For earnings history and earnings-related data on Universal Electronics (UEIC) click here.