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Ubiquiti: Fiscal 4Q Earnings Snapshot

August 9, 2019

NEW YORK (AP) _ Ubiquiti Networks Inc. (UBNT) on Friday reported fiscal fourth-quarter net income of $70.9 million.

The New York-based company said it had net income of $1.01 per share. Earnings, adjusted for one-time gains and costs, were $1.19 per share.

The computer networking company posted revenue of $286.6 million in the period.

For the year, the company reported profit of $322.7 million, or $4.51 per share. Revenue was reported as $1.16 billion.

Ubiquiti shares have climbed 21% since the beginning of the year. The stock has increased 50% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBNT at https://www.zacks.com/ap/UBNT

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