Brief: Ubiquiti Inc Reports Q2 Non-GAAP Earnings Per Share Of $2.53

Ubiquiti

05/02/2021 12:15

Feb 5 (Reuters) - Ubiquiti Inc  UI.N :
    * UBIQUITI INC REPORTS SECOND QUARTER FISCAL 2021 FINANCIAL
RESULTS
    * Q2 NON-GAAP EARNINGS PER SHARE $2.53
    * Q2 GAAP EARNINGS PER SHARE $2.54
    * Q2 REVENUE ROSE 55.5 PERCENT TO $479.4 MILLION
    * Q2 REVENUE ESTIMATE $375.5 MILLION -- REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE ESTIMATE $1.77 -- REFINITIV IBES
DATA
    * DURING THREE MONTHS ENDED DECEMBER 31, 2020, CONTINUED TO
EXPERIENCE A DISRUPTION IN SUPPLY CHAIN AS A RESULT OF COVID-19
PANDEMIC
    * DISRUPTION IMPACTED SUPPLIERS' ABILITY TO MANUFACTURE OR
PROVIDE
KEY COMPONENTS AND SERVICES
    * CONTINUED TO EXPERIENCE A DISRUPTION IN OUR SUPPLY CHAIN
AS A
RESULT OF COVID-19 PANDEMIC
    * CONTINUES TO INCUR, ADDITIONAL COSTS TO EXPEDITE
DELIVERIES OF
COMPONENTS AND SERVICES
    * ABILITY TO PROCURE COMPONENTS AND SERVICES HAS IMPROVED
DURING
QUARTER
    * DISRUPTIONS IN SUPPLY CHAIN HAVE NOT BEEN FULLY REMEDIATED
    * EFFECTS OF COVID-19 PANDEMIC MAY NOT BE FULLY REFLECTED IN
COMPANY'S FINANCIAL RESULTS UNTIL FUTURE PERIODS

Source text for Eikon:  ID:nBw67TwzSa 
Further company coverage:  UI.N 

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