Benzinga | Aug 6, 2020 05:10PM EDT

Universal Electronics Q2 Adj. EPS $0.89 Beats $0.85 Estimate, Sales $153.30M Miss $153.45M Estimate

Universal Electronics (NASDAQ:UEIC) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.85 by 4.71 percent. This is a 7.23 percent increase over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $153.30 million which missed the analyst consensus estimate of $153.45 million by 0.10 percent. This is a 20.94 percent decrease over sales of $193.90 million the same period last year.