Welcome to our dedicated page for Ubiquiti news (Ticker: $UI), a resource for investors and traders seeking the latest updates and insights on Ubiquiti stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ubiquiti's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ubiquiti's position in the market.
Ubiquiti Inc. (NYSE: UI) reported revenues of $493.0 million and GAAP diluted EPS of $1.26 in the third quarter fiscal 2024. The company's Board declared a $0.60 per share cash dividend. Revenues increased by 6.0% from the prior quarter and 7.7% from the prior year. GAAP gross margin decreased to 35.3%. R&D expenses and SG&A expenses increased. GAAP net income was $76.3 million, with non-GAAP net income at $77.6 million. GAAP earnings per diluted share was $1.26, while non-GAAP earnings per diluted share were $1.28.