07:42 AM EDT, 05/10/2024 (MT Newswires) -- Ubiquiti ( UI ) reported fiscal Q3 non-GAAP earnings Friday of $1.28 per diluted share, down from $1.65 a year earlier.

One analyst polled by Capital IQ expected $1.56.

Revenue for the quarter ended March 31 was $493 million, up from $457.8 million a year earlier.

One analyst surveyed by Capital IQ expected $492.3 million.

Shares of the networking infrastructure provider were down 3% in recent Friday premarket activity.

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