Universal Electronics (UEIC) Reports In-Line Q3 EPS, Revenues miss; Offers Q4 EPS/Revenue Outlook Below Consensus

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Go back to Universal Electronics (UEIC) Reports In-Line Q3 EPS, Revenues miss; Offers Q4 EPS/Revenue Outlook Below Consensus

Universal Electronics Reports Third Quarter 2018 Financial Results

November 8, 2018 4:05 PM EST

SANTA ANA, Calif.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and nine months ended September 30, 2018.

During the third quarter, we delivered sales growth, up 5% over third quarter 2017, said Paul Arling, UEI's chairman and CEO. With our intuitive wireless universal control and sensing, UEI continues to capture expanding global demand for home control devices. Additionally, product advancements as well as proactive operational measures are fortifying customer relationships.

Our innovation has expanded our presence in home automation products and technologies, which we expect to generate more than... More