Ubiquiti: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ Ubiquiti Networks Inc. (UBNT) on Friday reported fiscal second-quarter net income of $77.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, were $1.33 per share.

The computer networking company posted revenue of $307.3 million in the period.

Ubiquiti shares have increased almost 8 percent since the beginning of the year. The stock has increased 37 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBNT at https://www.zacks.com/ap/UBNT