Universal Electronics (UEIC) Misses Q1 EPS by 2c, Revenues Miss; Offers 2Q EPS/Revenue Guidance Below Consensus

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Go back to Universal Electronics (UEIC) Misses Q1 EPS by 2c, Revenues Miss; Offers 2Q EPS/Revenue Guidance Below Consensus

Universal Electronics Reports Results for the First Quarter 2020

May 7, 2020 4:05 PM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2020.

We entered 2020 with the strongest foundation in our history, having devoted 2019 to ongoing technology development and the implementation of strategic initiatives to improve profitability, said Paul Arling, UEIs chairman and CEO. As a result, we are better positioned to address challenging macro-economic conditions.

Our hallmark innovation continues to generate leading technology and create competitive advantages for both UEI and our customers, particularly in today's environment. For example, our QuickSet® Cloud platform enables easy... More