Universal Electronics (UEIC) Tops Q4 EPS by 6c; Issues Mixed Outlook

Universal Electronics (NASDAQ: UEIC) reported Q4 EPS of $0.91, $0.06 better than the analyst estimate of $0.85. Revenue for the quarter came in at $162.1 million versus the consensus estimate of $163.96 million.

GUIDANCE:

Universal Electronics sees Q1 2016 EPS of $0.46-$0.54, versus the consensus of $0.60. Universal Electronics sees Q1 2016 revenue of $153-161 million, versus the consensus of $143.9 million.

Paul Arling, UEI's Chairman and CEO, stated, “Our record fourth quarter 2015 sales and earnings results demonstrate the solid performance across our core business. Subscription broadcasting sales were particularly strong as the transition to more advanced remote control products and technologies continues. Looking ahead into 2016, the introduction of higher-end platforms will continue to ramp as our customers rollout new products throughout the year. In addition, we expect to further benefit from this trend as customers in regions around the world adopt more advanced features and devices.

“We continue to be very excited about our acquisition of Ecolink Intelligent Technology in August 2015 and remain on track with the integration. To take advantage of the opportunity in the emerging smart home market, we expect to introduce a variety of wireless security, sensing and home automation products and services with our industry partners throughout 2016,” concluded Arling.

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

You May Also Be Interested In

• onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
• BlackBerry (BB) Tops Q1 EPS by 1c, Offers Guidance
• KeyBanc lowers Nike rating to Sector Weight on near-term uncertainty