Universal Electronics Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 107.1 million compared to USD 148.48 million a year ago. Net loss was USD 19.36 million compared to net income of USD 7.23 million a year ago. Basic loss per share from continuing operations was USD 1.5 compared to basic earnings per share from continuing operations of USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 1.5 compared to diluted earnings per share from continuing operations of USD 0.57 a year ago.
For the nine months, sales was USD 322.86 million compared to USD 419.99 million a year ago. Net loss was USD 91.14 million compared to net income of USD 7.31 million a year ago. Basic loss per share from continuing operations was USD 7.1 compared to basic earnings per share from continuing operations of USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 7.1 compared to diluted earnings per share from continuing operations of USD 0.57 a year ago.