Ubiquiti Beats Estimates, Raises Guidance

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Ubiquiti Networks

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(NASDAQ: UBNT) released its Q4 results after market close on Thursday. Earnings per share came in above Wall Street consensus expectations,sending shares up 5.53 percent.Ubiquiti Networks reported EPS of $0.69 and revenues of $185.7 million. Analyst consensus had an EPS estimate of $0.64 and revenues of $174 million. Ubiquiti management saw Q1FY17 revenues at $180-$190 million vs. $171.31 million estimates and adjusted EPS of $0.68-$0.74 vs. estimates of $0.61At the time of writing, Ubiquiti Networks traded at $47.55 in Thursday's after-hours session.