Ubiquiti Q1 Adj. EPS $5.32 Beats $4.57 Estimate, Sales $1.026B Beat $977.448M Estimate

Ubiquiti (NYSE:UI) reported quarterly earnings of $5.32 per share which beat the analyst consensus estimate of $4.57 by 16.41 percent. This is a 53.76 percent increase over earnings of $3.46 per share from the same period last year. The company reported quarterly sales of $1.026 billion which beat the analyst consensus estimate of $977.448 million by 4.97 percent. This is a 39.83 percent increase over sales of $733.773 million the same period last year.