Ubiquiti: Fiscal 1Q Earnings Snapshot
NEW YORK (AP) _ Ubiquiti Networks Inc. (UBNT) on Friday reported fiscal first-quarter profit of $85.7 million.
On a per-share basis, the New York-based company said it had profit of $1.16. Earnings, adjusted for one-time gains and costs, came to $1.17 per share.
The computer networking company posted revenue of $282.9 million in the period.
Ubiquiti shares have increased 33 percent since the beginning of the year. The stock has risen 45 percent in the last 12 months.