On Air Now

Listen

Listen Live Now » 93.7 FM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
63° Feels Like: 63°
Wind: SW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 61°

Tomorrow

Scattered Thunderstorms 74°

Sat Night

Thunderstorms Early 59°

Alerts

Ubiquiti Networks revenue rises; shares jump

(Reuters) - Wireless products maker Ubiquiti Networks Inc's quarterly revenue rose 6.6 percent, helped by gains in its WLAN business.

Ubiquiti shares were up 24 percent at $26.19 in after-market trading.

Net profit rose to $28.8 million, or 32 cents per share in the fourth quarter, from $28.4 million, or 30 cents per share, a year earlier.

Excluding one-time items, company earned 33 cents per share.

Revenue rose to $101.2 million.

(Reporting By Lehar Maan in Bangalore; Editing by Maju Samuel)

Comments