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UI — Ubiquiti News Story

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Ubiquiti jumps after Q4 results beat

** Shares of Ubiquiti Inc UI.N rise 10.3% to $431.68 premarket

** The network infrastructure company posts Q4 adj. EPS of $3.54, beating estimates of $2.23, according to data compiled by LSEG

** Reports Q4 revenues of $759.2 mln, beating estimates of $634.1 mln, according to data compiled by LSEG

** UI says revenue growth driven by its enterprise technology platform, along with some contribution from its service provider technology platform

** Co to repurchase up to $500 mln of its common stock

** As of last close, the shares have risen ~18% YTD

 (Reporting by Krisha Bhatt)

 ((Krisha.Bhatt@thomsonreuters.com;))

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