On Air Now

Listen

Listen Live Now » 98.5 FM Battle Creek, Michigan

Weather

Current Conditions(Battle Creek,MI 49017)

More Weather »
47° Feels Like: 45°
Wind: S 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 35°

Tomorrow

Partly Cloudy 71°

Mon Night

Partly Cloudy 47°

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