01:30 PM EDT, 05/10/2024 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph)

Ubiquiti ( UI ) shares were up 7.6% in recent Friday trading after the networking infrastructure provider reported its fiscal Q3 revenue ahead of consensus.

The company reported fiscal Q3 non-GAAP earnings 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.

Price: 125.51, Change: +8.82, Percent Change: +7.56