Universal Electronics (UEIC) Misses Q3 EPS by 4c
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Universal Electronics Reports Financial Results for the Third Quarter 2021
November 4, 2021 4:05 PM EDTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three and nine months ended September 30, 2021.
We continue to see long-term demand for innovative home entertainment and automation control solutions, said Paul Arling, UEIs chairman and CEO. However, macro-economic pressures have persisted. Although third quarter sales were impacted more than anticipated by shipping delays as well as ongoing component shortages, our product mix maintained strong gross margins. Our continued cost controls yielded a record bottom line for both the third quarter and nine months ended September 30, 2021.
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