Brief: Universal Electronics Reports Results For The First Quarter 2020

Universal Electronics

07/05/2020 22:33

May 7 (Reuters) - Universal Electronics Inc  UEIC.O :
    * UNIVERSAL ELECTRONICS REPORTS RESULTS FOR THE FIRST
QUARTER 2020
    * SEES Q2 2020 GAAP EARNINGS PER SHARE $0.99 TO $1.09
    * Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.81
    * Q1 GAAP EARNINGS PER SHARE $0.41
    * SEES Q2 2020 SALES $150 MILLION TO $160 MILLION
    * Q1 SALES $151.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$168.2
MILLION
    * SEES Q2 2020 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.84 TO
$0.94
    * AT MARCH 31, 2020, CASH AND CASH EQUIVALENTS WERE $58.9
MILLION
    * UNIVERSAL ELECTRONICS - IN CHINA, LABOR POOL IS BACK TO
PRE-SHUTDOWN LEVELS, FACTORIES IN BOTH CHINA & MEXICO ARE
PRODUCING AT REQUIRED CAPACITY
    * Q2 EARNINGS PER SHARE VIEW $1.01, REVENUE VIEW $192.8
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nBw4fKsGCa 
Further company coverage:  UEIC.O 

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