Universal Electronics (NASDAQ:UEIC) Third Quarter 2022 Results
Main financial results
- Revenue: USD 148.5m (down 4.6% compared to Q3 2021).
- Net profit: $7.23 million (compared to a loss of $955,000 in Q3 2021).
- Profit margin: 4.9% (up from Q3 2021 net loss).
- EPS: $0.57 (vs. a loss of $0.071 in Q3 2021).
All figures shown in the table above are for the 12 month period (TTM)
Universal Electronics EPS Exceeds Expectations
Revenue is in line with analysts’ estimates. Earnings per share (EPS) exceeded analysts’ estimates by 11%.
Going forward, revenues are expected to remain flat over the next 2 years, in line with US consumer durables industry revenue forecasts.
Performance of the American durable consumer goods industry.
Shares of the company are up 9.2% from a week ago.
You should always take note of the risks, for example – Universal Electronics has 2 warning signs we think you should know.
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