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Ubiquiti Q2 Adj. EPS $1.38 Misses $1.64 Estimate, Sales $465.00M Miss $489.10M Estimate

Author: Benzinga Newsdesk | February 09, 2024 08:05am

Ubiquiti (NYSE:UI) reported adjusted quarterly earnings of $1.38 per share which missed the analyst consensus estimate of $1.64 by 15.85 percent. This is a 26.2 percent decrease over earnings of $1.87 per share from the same period last year. The company reported quarterly sales of $465.00 million which missed the analyst consensus estimate of $489.10 million by 4.93 percent. This is a 5.79 percent decrease over sales of $493.57 million the same period last year.

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