Universal Electronics (UEIC) Misses Q1 EPS by 2c; Issues Light Q2 EPS Outlook

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Go back to Universal Electronics (UEIC) Misses Q1 EPS by 2c; Issues Light Q2 EPS Outlook

Universal Electronics Reports First Quarter 2015 Financial Results

May 7, 2015 4:05 PM EDT

- Increased net income 16% over first quarter 2014 -

- Maintains long-term financial outlook of average annual sales growth of 5% to 10% and average earnings growth of 10% to 20% -

SANTA ANA, Calif.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2015.

Paul Arling, UEI's Chairman and CEO, stated: During the first quarter of 2015, we performed as expected with net income increasing 16% compared to the first quarter of 2014. We continued to maintain strong relationships with our customers in subscription broadcasting, OEMs and... More