Universal Electronics (UEIC) Misses Q1 EPS by 4c
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Universal Electronics Reports First Quarter 2016 Financial Results
May 5, 2016 4:10 PM EDTSANTA ANA, Calif.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2016.
Paul Arling, UEI's Chairman and CEO, stated, For the first quarter 2016, we reported adjusted pro forma net sales growth of 14% and adjusted pro forma EPS growth of 9% over the same quarter last year. Our subscription broadcasting business continues to benefit from the increasing adoption of advanced products and technologies by the worlds largest home entertainment companies. Weve also made progress in bringing our new suite of intelligent home sensing... More
