Universal Electronics Expects Q2 Net Sales Of $90M-$100M, Est $96.436M; Adjusted EPS Of $(0.10) To $0.00, Est $(0.04)
Portfolio Pulse from Benzinga Newsdesk
Universal Electronics projects its Q2 net sales to be between $90M-$100M, against an estimated $96.436M. The company also forecasts its adjusted EPS to range from $(0.10) to $0.00, compared to an estimated $(0.04).
May 02, 2024 | 9:59 pm
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Universal Electronics expects Q2 net sales of $90M-$100M, below the estimated $96.436M, and adjusted EPS of $(0.10) to $0.00, which is also below the estimated $(0.04).
The projected net sales and adjusted EPS by Universal Electronics are both below market estimates, which could lead to negative investor sentiment and potentially decrease the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100