Ubiquiti Networks Inc (NASDAQ:UBNT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased 20% to $0.24 in the quarter versus EPS of $0.30 in the year-earlier quarter. Revenue Decreased 9.29% to $83.15 million from the year-earlier quarter.
Ubiquiti Networks Inc reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $80.1 million.