Recap: Universal Electronics Q1 Earnings

Universal Electronics UEIC reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Universal Electronics beat estimated earnings by 9.68%, reporting an EPS of $-0.28 versus an estimate of $-0.31.

Revenue was down $24.01 million from the same period last year.

Last quarter the company missed on EPS by $0.34 which was followed by a 33.01% drop in the share price the next day.

Here's a look at Universal Electronics's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.78	0.74	0.56	0.47
EPS Actual	0.44	1	0.66	0.47
Revenue Estimate	130.59M	149.02M	137.79M	139.50M
Revenue Actual	122.76M	148.48M	139.10M	132.41M

To track all earnings releases for Universal Electronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.