Universal Electronics Reports First Quarter 2019 Results

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Go back to Universal Electronics Reports First Quarter 2019 Results

Universal Electronics (UEIC) Tops Q1 EPS by 9c, Revenues Beat; Offers Q2 EPS/Revenues Above Guidance

May 2, 2019 4:37 PM EDT

Universal Electronics (NASDAQ: UEIC) reported Q1 EPS of $0.82, $0.09 better than the analyst estimate of $0.73. Revenue for the quarter came in at $182.7 million versus the consensus estimate of $181.29 million.

Paul Arling, UEIs chairman and CEO, stated, During the first quarter, based on solid execution across the board, we exceeded our bottom line expectations. Demand for the connected home remains strong, and entering the second quarter, we have a wider array of customers than ever. Leading companies across... More