Tokyo Electron (OTCMKTS:TOELY) Releases Quarterly Earnings Results, Misses Expectations By $0.35 EPS

Tokyo Electron (OTCMKTS:TOELY) posted its quarterly earnings results on Thursday. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.35), Zacks reports. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.38 billion. Tokyo Electron had a net margin of 23.40% and a return on equity of 22.98%.

Tokyo Electron Stock Performance

TOELY stock traded up $3.02 during midday trading on Friday, hitting $153.32. 57,088 shares of the stock were exchanged, compared to its average volume of 123,152. The stock’s 50-day moving average price is $132.80 and its 200-day moving average price is $120.73. The stock has a market cap of $144.62 billion, a price-to-earnings ratio of 41.89 and a beta of 1.90. Tokyo Electron has a fifty-two week low of $66.10 and a fifty-two week high of $153.70.

Analyst Ratings Changes

Separately, Zacks Research cut Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Tokyo Electron

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.