Ubiquiti Networks revenue rises; shares jump

(Reuters) - Wireless products maker Ubiquiti Networks Inc's 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)



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