B. Riley Upgrades Universal Electronics (UEIC) to Buy

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Go back to B. Riley Upgrades Universal Electronics (UEIC) to Buy

Universal Electronics Reports Third Quarter 2016 Financial Results

November 3, 2016 4:07 PM EDT

SANTA ANA, Calif.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and nine months ended September 30, 2016.

Paul Arling, UEI's Chairman and CEO, stated, Our third quarter 2016 results reflect the continued solid performance across the business, as Adjusted Pro Forma net sales and diluted earnings per share grew 6% and 21% over the prior year, respectively. Our advanced control technologies continue to be adopted by subscription broadcasting and OEM customers who are introducing next-generation home entertainment platforms around the world. While in various phases of development, this new evolution in... More