Ubiquiti Inc. Profit Rises In Q4

(RTTNews) - Ubiquiti Inc. (UI) revealed earnings for its fourth quarter that increased from the same period last year

The company's bottom line totaled $103.7 million, or $1.72 per share. This compares with $92.5 million, or $1.53 per share, in last year's fourth quarter.

Excluding items, Ubiquiti Inc. reported adjusted earnings of $104.7 million or $1.73 per share for the period.

The company's revenue for the quarter rose 10.8% to $491.1 million from $443.1 million last year.

Ubiquiti Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $103.7 Mln. vs. $92.5 Mln. last year. -EPS (Q4): $1.72 vs. $1.53 last year. -Revenue (Q4): $491.1 Mln vs. $443.1 Mln last year.