AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY – Get Free Report)’s share price gapped down prior to trading 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.
The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.13 billion. AUO had a net margin of 1.82% and a return on equity of 3.15%.
AUO Stock Performance
The company has a 50 day simple moving average of $10.07 and a two-hundred day simple moving average of $7.31. The company has a market cap of $7.11 billion, a PE ratio of 41.96 and a beta of 0.43.
About AUO
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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