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Universal Electronics: Q1 Earnings Snapshot
By AP News - May 04, 2023, 05:24 PM ET
Last Updated - Jun 21, 2023, 10:37 PM EDT
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Universal Electronics Inc. (UEIC) on Thursday reported a loss of $61.4 million in its first quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of $4.81. Losses, adjusted for asset impairment costs and non-recurring costs, came to 28 cents per share.
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The remote control maker posted revenue of $108.4 million in the period.
For the current quarter ending in June, Universal Electronics expects its results to range from a loss of 25 cents per share to a loss of 15 cents per share.
The company said it expects revenue in the range of $105 million to $115 million for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a UEIC">Zacks stock report on UEIC at https://www.zacks.com/ap/UEIC
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