Universal Electronics (UEIC) Misses Q1 EPS by 10c
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Universal Electronics Reports Financial Results for the First Quarter 2023
May 4, 2023 4:05 PM EDTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2023.
For the first quarter of 2023, we performed well versus our expectations; however, we still have a lot of work to do, said Paul Arling, UEIs chairman and CEO. Business conditions are difficult now, as our subscription broadcasting customers have suffered continued subscriber declines and our consumer electronics customers have experienced temporal declines due to economic weakness. We are continuing to gain share by winning projects in all our markets, and in particular... More
