Ubiquiti Inc: Rises as Q2 results beat estimates

Ubiquiti

05/02/2021 16:28

** Shares of WiFi router maker  UI.N  up ~7% at $334.98
    ** Co posts Q2 adj. income of $2.53/share, above estimate of
$1.77/share, according to Refinitiv IBES data  urn:newsml:reuters.com:*:nBw67TwzSa
    ** Reports Q2 revenue of $479.4 mln, beating expectations of
$375.5 mln, benefiting from increase in its direct sales through
co's webstores 
    ** UI shares are up ~13% YTD

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))