Universal Electronics (UEIC) Tops Q1 EPS by 3c, Revenues Miss; Offers 2Q EPS/Revenues Guidance Below Consensus

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Go back to Universal Electronics (UEIC) Tops Q1 EPS by 3c, Revenues Miss; Offers 2Q EPS/Revenues Guidance Below Consensus

Universal Electronics Reports Financial Results for the First Quarter 2021

May 6, 2021 4:05 PM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2021.

During the first quarter of 2021, we continued to leverage our strengths - technology innovation, strong customer relations, and operational excellence - to deliver solid financial results as guided, said Paul Arling, UEIs chairman and CEO. Our wireless control technologies lead the industry as evidenced by numerous accolades for our voice control, QuickSet® and other connectivity solutions. More importantly, our advanced technology secures repeat customers and creates new opportunities. For example, LG, having... More