Ubiquiti (UI) Q4 Earnings Beat Estimates on Higher Revenues

Ubiquiti, Inc. (UI) reported mixed fourth-quarter fiscal 2024 results, with the bottom beating the Zacks Consensus Estimate but the top line missing the same. The New York-based networking products and solutions providers reported revenue growth year over year, owing to healthy traction in the Enterprise Technology vertical. Ubiquiti's Net Income Net income, on a GAAP basis, in the quarter was $103.8 million or $1.72 per share compared with $103.7 million or $1.72 per share in the year-ago quarter. Despite ...