Ubiquiti Networks Q4 Profit Rises - Quick Facts

(RTTNews) - Ubiquiti Networks, Inc. (UBNT) Thursday reported fourth-quarter profit of $28.84 million or $0.32 per share, up from $28.49 million or $0.30 per share in the same period last year. Adjusted earnings for the quarter was $29.52 million or $0.33 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 22 percent to $101.2 million from $94.9 million last year. Analysts expected revenues of $93.28 million.

Looking ahead to the first quarter of 2014, the company has forecast earnings in the range of $0.37 to $0.40 per share, with adjusted earnings in the order of $0.38 to $0.41 per share.

Revenues are expected to range between $116 million and $122 million. Analysts currently expect the company to report first-quarter earnings of $0.27 per share on revenues of $95.57 million.