Reuters: Technology News: Ubiquiti Networks revenue rises; shares jump

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Ubiquiti Networks revenue rises; shares jump Aug 8th 2013, 20:35 Thu Aug 8, 2013 4:35pm EDT (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.

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