Universal Electronics (UEIC) Tops Q2 EPS by 4c; Offers 3Q Revenue Guidance Below Consensus, 3Q EPS Mid-Point Guidance Below Consensus

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Go back to Universal Electronics (UEIC) Tops Q2 EPS by 4c; Offers 3Q Revenue Guidance Below Consensus, 3Q EPS Mid-Point Guidance Below Consensus

Universal Electronics Reports Results for the Second Quarter 2020

August 6, 2020 4:05 PM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and six months ended June 30, 2020.

Over the past three decades, our innovation and product development have made UEI into a market leader with a strong financial foundation, said Paul Arling, UEIs chairman and CEO. However, as expected in the current environment, customers have been cautious with their near-term orders, primarily with our traditional home entertainment and security customers. Due to the pandemic, the ability or willingness to install hardware in consumers homes, whether it... More