AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY – Get Free Report)’s share price gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $10.8020, but opened at $9.44. AUO shares last traded at $9.23, with a volume of 1,410 shares changing hands.
The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). AUO had a return on equity of 3.15% and a net margin of 1.82%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.13 billion.
AUO Stock Down 12.8%
The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 41.96 and a beta of 0.43. The company has a 50-day moving average price of $10.07 and a 200-day moving average price of $7.31.
AUO Company Profile
AUO Corporation, also known as AUO, is a Taiwan-based technology company that designs and manufactures display products and related solutions. Its portfolio includes large-format and small-to-medium thin-film transistor liquid crystal displays (TFT-LCDs), active-matrix organic light-emitting diode (AMOLED) displays, and other display technologies used in televisions, monitors, notebook computers, tablets, smartphones, vehicles, and industrial equipment.
The company also provides display applications and integrated solutions for areas such as smart mobility, healthcare, retail, education, entertainment, and commercial environments.
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