Itochu (OTCMKTS:ITOCY) Releases Earnings Results, Misses Estimates By $0.10 EPS

Itochu (OTCMKTS:ITOCY) posted its earnings results on Wednesday. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.10), Zacks reports. The company had revenue of $24.06 billion for the quarter, compared to analysts’ expectations of $24.65 billion.

Itochu Stock Up 2.1%

Shares of OTCMKTS ITOCY traded up $2.57 during mid-day trading on Thursday, reaching $123.95. The company had a trading volume of 19,469 shares, compared to its average volume of 53,454. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.44. The firm has a 50 day simple moving average of $114.92 and a two-hundred day simple moving average of $108.23. The stock has a market cap of $89.18 billion, a P/E ratio of 13.67 and a beta of 0.73. Itochu has a 52-week low of $79.12 and a 52-week high of $127.30.

Itochu Company Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.