SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Universal Electronics Inc. (UEIC) on Thursday reported a loss of $6.9 million in its fourth quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 54 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 44 cents per share.
The remote control maker posted revenue of $122.8 million in the period.
For the year, the company reported profit of $407,000, or 3 cents per share. Revenue was reported as $542.8 million.
For the current quarter ending in March, Universal Electronics expects its results to range from a loss of 38 cents per share to a loss of 28 cents per share.
The company said it expects revenue in the range of $100 million to $110 million for the fiscal first quarter.
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