Trend Micro Inc. (OTCMKTS:TMICY) Releases Earnings Results, Meets Expectations
Trend Micro Inc. (OTCMKTS:TMICY) issued its quarterly earnings results on Wednesday. The technology company reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39, MarketWatch Earnings reports. Trend Micro had a return on equity of 15.96% and a net margin of 17.77%.
Shares of Trend Micro (TMICY) traded down 1.94% during midday trading on Wednesday, reaching $48.96. The company had a trading volume of 3,516 shares. Trend Micro has a 52-week low of $32.95 and a 52-week high of $53.20. The company’s 50 day moving average price is $51.34 and its 200 day moving average price is $45.85. The stock has a market capitalization of $6.72 billion, a PE ratio of 30.95 and a beta of 0.55.
TRADEMARK VIOLATION NOTICE: “Trend Micro Inc. (OTCMKTS:TMICY) Releases Earnings Results, Meets Expectations” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/08/09/trend-micro-inc-otcmktstmicy-releases-earnings-results-meets-expectations.html.
Separately, Zacks Investment Research lowered Trend Micro from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th.
About Trend Micro
Trend Micro Incorporated is engaged in the development and sale of security-related software for computers and the Internet. The Company provides server security, cloud security and small business content security. The Company’s segments include Japan, North America, Europe, Asia Pacific and Latin America.
Receive News & Ratings for Trend Micro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trend Micro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.