Ubiquiti Networks revenue rises; shares jump

Reuters News
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Posted: Aug 08, 2013 4:35 PM

(Reuters) - Wireless products maker Ubiquiti Networks Inc's <UBNT.O> quarterly revenue rose 6.6 percent, helped by gains in its WLAN business.

Ubiquiti shares were up 24 percent at $26.19 in after-market trading.

Net profit rose to $28.8 million, or 32 cents per share in the fourth quarter, from $28.4 million, or 30 cents per share, a year earlier.

Excluding one-time items, company earned 33 cents per share.

Revenue rose to $101.2 million.

(Reporting By Lehar Maan in Bangalore; Editing by Maju Samuel)