Universal Electronics (UEIC) Reports Q1 Loss, Tops Revenue Estimates

Universal Electronics (UEIC) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of$ 0.15. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this remote control maker would post earnings of$ 0.14 per share when it actually produced earnings of $0.20, delivering a surprise of 42.86%.Over the last four quarters, the ...