
Ubiquiti (NYSE:UI) Posts Earnings Results, Misses Estimates By $0.41 EPS

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Ubiquiti (NYSE:UI) reported quarterly earnings of $3.88 EPS, missing estimates by $0.41. Revenue was $788.20 million, below the expected $814.30 million, but up 18.7% year-over-year. The company has a net margin of 29.90% and a return on equity of 113.21%. Ubiquiti's stock fell 9.1% to $842.26. A quarterly dividend of $0.80 will be paid on May 26th. Analysts have mixed ratings, with an average target price of $702.33. Institutional investors hold 4.00% of the stock.
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