Ubiquiti falls as Q1 results miss estimates

Ubiquiti

03/11/2023 14:48

** Network infrastructure company Ubiquiti's shares  UI.N 
down 13.6% at $107.69
    ** Company posts Q1 adj profit of $1.47/shr vs est $1.90/shr
- LSEG data
    ** Posts Q1 revenue of $463.1 mln vs est $547.9 mln
    ** Company's shares down ~60% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((rupali.chaudhary@thomsonreuters.com))