AU Optronics Corp (AUO) Posts Quarterly Earnings Results, Beats Expectations By $0.63 EPS
AU Optronics Corp (NYSE:AUO) announced its earnings results on Thursday. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.63, Briefing.com reports. AU Optronics Corp had a net margin of 9.48% and a return on equity of 17.46%. The business had revenue of $87.40 billion during the quarter, compared to the consensus estimate of $85.19 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.
AU Optronics Corp (NYSE:AUO) traded down 5.42% during midday trading on Thursday, hitting $4.01. 1,094,541 shares of the stock traded hands. The company has a 50-day moving average of $4.10 and a 200-day moving average of $4.04. The stock has a market cap of $3.86 billion, a PE ratio of 3.37 and a beta of 0.46. AU Optronics Corp has a 1-year low of $3.44 and a 1-year high of $4.95.
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A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of AU Optronics Corp from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. UBS Group AG cut shares of AU Optronics Corp from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. Credit Suisse Group reissued a “neutral” rating on shares of AU Optronics Corp in a research note on Wednesday, July 12th. ValuEngine raised shares of AU Optronics Corp from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, Zacks Investment Research raised shares of AU Optronics Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold”.
AU Optronics Corp Company Profile
AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.
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