The 30 cents of earnings generated on revenue of $94.90 million in the fourth-quarter beat analysts' predictions; however the first-quarter, ending in September, was disappointing to Wall Street.
The San Jose, Calif.-based company expects to generate between $62 million to $70 million of revenues and 14 to 17 cents of non-GAAP diluted earnings per share. Ubiquiti cited "counterfeited goods" as a reason for the weak guidance. Analysts polled by Thomson Reuters estimate earnings of 29 cents per share on $98.36 million in revenue for the three months ending September 30th.
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