Universal Electronics Q4 2023 Adj EPS $0.07 Beats $(0.01) Estimate, Sales $97.59M Beat $96.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Electronics (UEIC) reported Q4 2023 adjusted EPS of $0.07, surpassing the $(0.01) estimate, with sales of $97.59M beating the $96.93M estimate, despite a 20.50% decrease from the previous year.
February 15, 2024 | 9:12 pm
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Universal Electronics reported a significant beat on both EPS and sales estimates for Q4 2023, with a notable year-over-year sales decrease.
Beating both EPS and sales estimates typically leads to positive investor sentiment and could result in a short-term stock price increase. However, the significant year-over-year sales decrease might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100