DISCO (OTCMKTS:DSCSY) Releases Earnings Results, Beats Expectations By $0.03 EPS

DISCO (OTCMKTS:DSCSY) announced its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03, Zacks reports. DISCO had a net margin of 31.51% and a return on equity of 27.83%. The company had revenue of $622.39 million during the quarter, compared to analysts’ expectations of $575.52 million.

Disco Trading Down 6.2%

Shares of OTCMKTS:DSCSY opened at $29.11 on Friday. The company has a market cap of $31.56 billion, a PE ratio of 39.34 and a beta of 1.35. DISCO has a 52 week low of $16.10 and a 52 week high of $36.00. The company’s 50 day moving average is $25.35 and its two-hundred day moving average is $24.92.

Analysts Set New Price Targets

Separately, Macquarie upgraded shares of DISCO from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 9th.

DISCO Company Profile

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.