SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Universal Electronics Inc. (UEIC) on Thursday reported a loss of $8.6 million in its first quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 67 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 19 cents per share.
The remote control maker posted revenue of $91.9 million in the period.
For the current quarter ending in June, Universal Electronics said it expects revenue in the range of $90 million to $100 million.
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