Piper Jaffray Raises Price target on Universal Electronics (UEIC) Following Mixed Earnings and Guidance
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Universal Electronics Reports Fourth Quarter and Year-End 2015 Financial Results
February 18, 2016 4:05 PM EST- Achieves record net sales and EPS in the fourth quarter 2015 -
SANTA ANA, Calif.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and twelve months ended December 31, 2015.
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... More
