NEW YORK (AP) _ Ubiquiti Networks Inc. (UBNT) on Friday reported fiscal fourth-quarter earnings of $70.1 million.

The New York-based company said it had profit of 94 cents per share. Earnings, adjusted for pretax expenses and stock option expense, came to $1.01 per share.

The computer networking company posted revenue of $269.8 million in the period.

For the year, the company reported profit of $196.3 million, or $2.51 per share. Revenue was reported as $1.02 billion.

Ubiquiti expects full-year earnings to be $4 to $4.80 per share, with revenue in the range of $1.1 billion to $1.2 billion.

Ubiquiti shares have climbed 17 percent since the beginning of the year. The stock has increased 27 percent in the last 12 months.


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