Universal Electronics (UEIC) Misses Q4 EPS; Guides Q1 Below Views
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Universal Electronics Reports Fourth Quarter and Year-End 2022 Financial Results
February 16, 2023 4:05 PM ESTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Universal Electronics Inc. (UEI), (NASDAQ: UEIC) reported financial results for the three and twelve months ended December 31, 2022.
During the past 18 months, we have won a significant number of large customer design projects in our new higher growth markets and, at CES in January 2023, we received customer and industry recognition for our innovation, bolstering our foundation for long-term growth, said Paul Arling, UEIs chairman and CEO. However, current challenging macroeconomic conditions, especially lower consumer spending, overshadowed these achievements. Results in the fourth quarter of 2022 were affected and... More
