Universal Electronics (UEIC) Misses Q4 EPS by 4c, Revenues Miss; Offers Q1 EPS/Revenue Guidance Above Consensus
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Universal Electronics Reports Fourth Quarter and Year-End 2018 Financial Results
February 21, 2019 4:05 PM ESTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC), the worldwide leader in sensing and control technologies for the smart home, reported financial results for the three and twelve months ended December31, 2018.
Paul Arling, UEIs chairman and CEO, stated, The connected home has arrived. In 2018, we achieved our goal of generating over $130 million in home automation net sales and gained traction in our advanced, intuitive 2-way home entertainment systems. Our corporate and manufacturing initiatives started in the second half of 2018 to address macro challenges and free resources for strategic... More
