Recap: Universal Electronics Q1 Earnings

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Universal Electronics UEIC reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Universal Electronics beat estimated earnings by 9.68%, reporting an EPS of $-0.28 versus an estimate of $-0.31.

Revenue was down $24.01 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.34 which was followed by a 33.01% drop in the share price the next day.

Here's a look at Universal Electronics's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.78 0.74 0.56 0.47
EPS Actual 0.44 1 0.66 0.47
Revenue Estimate 130.59M 149.02M 137.79M 139.50M
Revenue Actual 122.76M 148.48M 139.10M 132.41M

To track all earnings releases for Universal Electronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps

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