Ubiquiti Fiscal Q1 Misses; Emerging Markets Weak

By | November 7, 2014

Scalper1 News

Ubiquiti Networks (UBNT) reported fiscal Q1 profit and revenue that missed estimates as demand for its wireless networking gear fell in emerging markets and Europe. San Jose, Calif.-based Ubiquiti forecast current-quarter revenue below views. Shares fell 18% in early trading in the stock market today. Ubiquiti late Thursday said fiscal Q1 adjusted EPS rose 4% to 48 cents from a year earlier while revenue increased 16% to $150.1 million. Analysts Scalper1 News

Scalper1 News