Universal Electronics, Inc. (UEI) Issues Q1 2012 Guidance In Line With Analysts' Estimates; Issues FY 2012 Guidance; Revenue Guidance Above Analysts' Estimates

Universal Electronics, Inc. (UEI) announced that for the first quarter of 2012, it expects net sales to range between $104 million and $110 million and adjusted pro forma earnings per diluted share to range from $0.19 to $0.25. For fiscal 2012, the Company expects net sales to range between $500 million and $520 million, and adjusted pro forma earnings per diluted share (EPS) to range from $1.65 to $1.85. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $110 million and EPS of $0.23 for the first quarter of 2012; and revenue of $488 million and EPS of $1.71 for fiscal 2012.