AU Optronics (AUO) Posts Quarterly Earnings, Beats Estimates By $0.15 EPS
AU Optronics (NYSE:AUO) posted its quarterly earnings results on Monday. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.15, American Banking News reports. The company had revenue of $102.70 billion for the quarter, compared to the consensus estimate of $99.47 billion. During the same quarter in the previous year, the company posted ($1.41) earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.
On the ratings front, analysts at Credit Agricole downgraded shares of AU Optronics from a “buy” rating to an “outperform” rating in a research note to investors on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold”.
AU Optronics (NYSE:AUO) traded down 1.20% during mid-day trading on Monday, hitting $2.875. 249,582 shares of the company’s stock traded hands. AU Optronics has a 1-year low of $2.80 and a 1-year high of $4.98. The stock’s 50-day moving average is $3.04 and its 200-day moving average is $3.35. The company’s market cap is $2.767 billion.
AU Optronics Corp. is principally engaged in the research, development, design, manufacture and distribution of flat panel displays.
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