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Universal Electronics: Q2 Earnings Snapshot

By AP News - Aug 08, 2024, 05:40 PM ET
Last Updated - Aug 08, 2024, 05:40 PM EDT
Universal Electronics: Q2 Earnings Snapshot

SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Universal Electronics Inc. (UEIC) on Thursday reported a loss of $8.2 million in its second quarter.

On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 63 cents. Losses, adjusted for pretax expenses and non-recurring costs, came to 9 cents per share.

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The remote control maker posted revenue of $90.5 million in the period.

For the current quarter ending in September, Universal Electronics expects its per-share earnings to range from 1 cent to 11 cents.

The company said it expects revenue in the range of $98 million to $108 million for the fiscal third quarter.

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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 UEIC at https://www.zacks.com/ap/UEIC

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