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Ubiquiti Beats Estimates, Raises Guidance

Ubiquiti Networks Inc UBNT 1.14% released its Q4 results after market close on Thursday. Earnings per share came in above Wall Street consensus expectations, sending shares up 5 percent.

Ubiquiti Networks reported EPS of $0.69 and revenues of $185.7 million. Analyst consensus had an EPS estimate of $0.64 and revenues of $174 million.

Ubiquiti management saw Q1FY17 revenues at $180-$190 million vs. $171.31 million estimates and adjusted EPS of $0.68-$0.74 vs. estimates of $0.61

At time of writing, Ubiquiti Networks traded at $47.55 in Thursday's after-hours session, up 5.5 percent.

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