Universal Electronics: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Universal Electronics (NASDAQ:UEIC) reported Q4 earnings with an EPS of $0.07, surpassing the estimated -$0.01 by 800%. However, revenue decreased by $25.16 million compared to the same period last year. The company had previously beaten EPS estimates in Q3 2023, which led to a 10.57% share price increase the following day.
February 15, 2024 | 9:15 pm
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Universal Electronics reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year.
The substantial beat on earnings estimates is likely to positively impact investor sentiment and potentially lead to a short-term increase in UEIC's stock price, similar to the previous quarter's performance post-earnings announcement. However, the decrease in revenue could temper some of the positive momentum.
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