NEW YORK (AP) — NEW YORK (AP) — Ubiquiti Inc. (UI) on Friday reported net income of $320.5 million in its fiscal first quarter.

On a per-share basis, the New York-based company said it had profit of $5.29. Earnings, adjusted for stock option expense, came to $5.32 per share.

The computer networking company posted revenue of $1.03 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UI at https://www.zacks.com/ap/UI