Ubiquiti Networks (UBNT) reported earnings Fri 10 Aug 2012

Ubiquiti Networks, Inc. (UBNT) plummeted 40.5% or $6.08 to $8.93 after the wireless broadband service provider reported revenues in the fourth quarter ending in June surged 40.3% to $94.9 million compared to $67.6 million in the same period of last year. Net income in the quarter swung to $28.5 million or 30 cents per diluted share compared to net loss of $9.35 million or 15 cents per share a year ago period.

** Heikin-Ashi daily **

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 ** Heikin-Ashi weekly **