Remote Control Maker UEI Tumbles On Q1 EPS Forecast

By | February 20, 2015

Scalper1 News

Remote-control maker Universal Electronics (UEIC) fell under the sofa cushions Friday after forecasting first-quarter earnings below what Wall Street was targeting. Shares of the Santa Ana, Calif.-based company fell 10% Friday to a three-month low above 57. Universal Electronics stock hit an all-time high of 66.75 on Tuesday. Universal Electronics, aka UEI, reported Q4 results late Thursday. UEI earned 70 cents a share excluding items, up 43% year Scalper1 News

Scalper1 News