Universal Electronics (NASDAQ:UEIC) Third Quarter 2022 Results
Key Financial Results
- Revenue: US$148.5m (down 4.6% from 3Q 2021).
- Net income: US$7.23m (up from US$955.0k nonaccomplishment successful 3Q 2021).
- Profit margin: 4.9% (up from nett nonaccomplishment successful 3Q 2021).
- EPS: US$0.57 (up from US$0.071 nonaccomplishment successful 3Q 2021).
NasdaqGS:UEIC Earnings and Revenue Growth November 6th 2022All figures shown successful the illustration supra are for the trailing 12 period (TTM) period
Universal Electronics EPS Beats Expectations
Revenue was successful enactment with expert estimates. Earnings per stock (EPS) surpassed expert estimates by 11%.
Looking ahead, gross is forecast to enactment level during the adjacent 2 years, successful enactment with the gross forecast for the Consumer Durables manufacture successful the US.
Performance of the American Consumer Durables industry.
The company's shares are up 9.2% from a week ago.
Risk Analysis
You inactive request to instrumentality enactment of risks, for illustration - Universal Electronics has 2 informing signs we deliberation you should beryllium alert of.
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