Universal Electronics Reports Record Results for the Third Quarter 2019
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Universal Electronics (UEIC) Tops Q3 EPS by 15c, Revenues Beat; Offers Q4 EPS Guidance Above Consensus, Q4 Revenue Outlook Below Consensus
November 7, 2019 4:27 PM ESTUniversal Electronics (NASDAQ: UEIC) reported Q3 EPS of $1.01, $0.15 better than the analyst estimate of $0.86. Revenue for the quarter came in at $200.9 million versus the consensus estimate of $193.47 million.
Financial Results for the Three Months Ended September 30: 2019 Compared to 2018
GAAP net sales were $200.7 million, compared to $182.7 million; Adjusted Non-GAAP net sales were $200.9 million, compared to $182.7 million.GAAP gross margins were 23.2%, compared to 22.1%; Adjusted Non-GAAP gross margins were 26.8%, compared to 24.6%.GAAP operating income was $6.1 million, compared to $4.7 million; Adjusted Non-GAAP operating income was $18.7... More