Ubiquiti rises on higher Q4 results

Ubiquiti

25/08/2023 12:29

** Shares of Ubiquiti  UI.N  up 3.37% at $159.16 premarket
    ** Network infrastructure co reports Q4 GAAP diluted EPS of
$1.72, up 12.4% YoY
    ** Logs Q4 gross margin at 41.4% vs 38.3% a year ago
    ** Co reports Q4 rev of $491.1 mln, rising 10.8% from $443.1
mln a year ago
    ** Q4 rev gains YoY across all geographies except Asia
Pacific, where rev stands at $32.34 mln vs $32.81 mln in Q4 2022
    ** Up to Thursday's close, stock had fallen 43.7% YTD

 (Reporting by Shashwat Chauhan in Bengalurur)
 ((Shashwat.Chauhan@thomsonreuters.com;))