Ubiquiti Networks Q3 Profit Rises - Quick Facts

(RTTNews) - Ubiquiti Networks, Inc. (UBNT) reported third-quarter net income of $45.2 million, or $0.50 per share, compared to $20.7 million, or $0.23 per share, last year. Non-GAAP net income was $45.2 million, or $0.50 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.49 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased 78% to a record $148.3 million, compared to $83.2 million. Analysts expected revenue of $141.92 million, for the quarter.

Ubiquiti expects its fourth-quarter: revenues of between $147 million and $153 million; GAAP EPS of between $0.47 and $0.51; and Non-GAAP EPS of between $0.48 and $0.52. Analysts expect the company to report fourth-quarter profit per share of $0.50 on revenue of $147.70 million.