Ubiquiti: Fiscal Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Ubiquiti Inc. (UI) on Friday reported profit of $128 million in its fiscal first quarter.

On a per-share basis, the New York-based company said it had profit of $2.12. Earnings, adjusted for stock option expense, came to $2.14 per share.

The computer networking company posted revenue of $550.3 million in the period.

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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 UI at https://www.zacks.com/ap/UI