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BRIEF-Ubiquiti Inc Reports Q2 Non-GAAP Earnings Per Share Of $2.53

· 02/05/2021 07:15
BRIEF-Ubiquiti Inc Reports Q2 Non-GAAP Earnings Per Share Of $2.53

- Ubiquiti Inc UI.N:

  • UBIQUITI INC REPORTS SECOND QUARTER FISCAL 2021 FINANCIAL RESULTS

  • Q2 NON-GAAP EARNINGS PER SHARE $2.53

  • Q2 GAAP EARNINGS PER SHARE $2.54

  • Q2 REVENUE ROSE 55.5 PERCENT TO $479.4 MILLION

  • Q2 REVENUE ESTIMATE $375.5 MILLION -- REFINITIV IBES DATA

  • Q2 EARNINGS PER SHARE ESTIMATE $1.77 -- REFINITIV IBES DATA

  • DURING THREE MONTHS ENDED DECEMBER 31, 2020, CONTINUED TO EXPERIENCE A DISRUPTION IN SUPPLY CHAIN AS A RESULT OF COVID-19 PANDEMIC

  • DISRUPTION IMPACTED SUPPLIERS' ABILITY TO MANUFACTURE OR PROVIDE KEY COMPONENTS AND SERVICES

  • CONTINUED TO EXPERIENCE A DISRUPTION IN OUR SUPPLY CHAIN AS A RESULT OF COVID-19 PANDEMIC

  • CONTINUES TO INCUR, ADDITIONAL COSTS TO EXPEDITE DELIVERIES OF COMPONENTS AND SERVICES

  • ABILITY TO PROCURE COMPONENTS AND SERVICES HAS IMPROVED DURING QUARTER

  • DISRUPTIONS IN SUPPLY CHAIN HAVE NOT BEEN FULLY REMEDIATED

  • EFFECTS OF COVID-19 PANDEMIC MAY NOT BE FULLY REFLECTED IN COMPANY'S FINANCIAL RESULTS UNTIL FUTURE PERIODS

Source text for Eikon: ID:nBw67TwzSa

Further company coverage: UI.N


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