07:36 AM EDT, 08/23/2024 (MT Newswires) -- Ubiquiti ( UI ) reported fiscal Q4 non-GAAP earnings Friday of $1.74 per diluted share, up from $1.73 a year earlier.

An analyst polled by Capital IQ expected $1.74.

Revenue for the quarter ended June 30 was $507.5 million, compared with $491.1 million a year earlier.

The analyst surveyed by Capital IQ expected $538.2 million.

Ubiquiti ( UI ) said the board maintained its quarterly dividend at $0.60 per share, payable Sept. 9 to shareholders of record as of Sept. 3.

The company's shares were down more than 9% in recent Friday premarket activity.

Price: 160.00, Change: -16.63, Percent Change: -9.42