Ubiquiti falls after missing Q4 revenue estimates

Ubiquiti

23/08/2024 12:34

** Shares of Ubiquiti  UI.N  fall 9.6% to $159.73 in
premarket trading
    ** Network infrastructure company's Q4 revenue of $507.5 mln
misses Wall Street estimates of $511.6 mln - LSEG data
    ** UI's Q4 adjusted EPS of $1.74 narrowly beats estimate of
$1.73 
    ** Up to last close, stock up 26.6% YTD

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))