Ubiquiti Fiscal Q3 Adjusted Earnings, Revenue Rise; Shares Down
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Ubiquiti reported fiscal Q3 non-GAAP net income of $3.88 per diluted share, an increase from $3 a year earlier, but below the expected $4.29. Revenue rose to $788.2 million from $664.2 million, falling short of the anticipated $814.3 million. Following the earnings report, shares dropped 4.7% in premarket trading.
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