Universal Electronics (UEIC) Reports In-Line Q2 EPS

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Go back to Universal Electronics (UEIC) Reports In-Line Q2 EPS

Universal Electronics Reports Second Quarter 2017 Financial Results

August 3, 2017 4:05 PM EDT

SANTA ANA, Calif.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and six months ended June 30, 2017.

Our second quarter 2017 financial results were in line with our expectations; net sales increased 3%, operating income grew 8% and EPS increased 5% over last years second quarter, stated Paul Arling, UEI's Chairman and CEO. Major cable operators such as Comcast, Cox and Shaw continue to upgrade their customers to new offerings such as the X1 Entertainment Operating System® and X1 Voice Remote. Additional operators, on a worldwide basis, are now progressing through... More