Universal Electronics: 3Q Earnings Snapshot

Associated Press |

SANTA ANA, Calif. (AP) _ Universal Electronics Inc. (UEIC) on Thursday reported third-quarter earnings of $959,000.

The Santa Ana, California-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 69 cents per share.

The remote control maker posted revenue of $182.7 million in the period.

For the current quarter ending in December, Universal Electronics expects its per-share earnings to range from 70 cents to 80 cents.

The company said it expects revenue in the range of $180 million to $188 million for the fiscal fourth quarter.

Universal Electronics shares have fallen 33 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.67, a fall of 39 percent in the last 12 months.

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Emerging Growth

Margaux Resources Ltd.

Margaux Resources Ltd is a Calgary based resource company. The Company is focused on its Jersey Emeral Tungsten-Zinc property located in the southeast portion of British Columbia.