NEW YORK (AP) — NEW YORK (AP) — Ubiquiti Inc. (UI) on Friday reported earnings of $87.8 million in its fiscal first quarter.

The New York-based company said it had net income of $1.45 per share. Earnings, adjusted for stock option expense, were $1.47 per share.

The computer networking company posted revenue of $463.1 million in the period.

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