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

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

Tokyo Electron Trading Up 2.0%

OTCMKTS:TOELY 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. Tokyo Electron has a one year low of $66.10 and a one year high of $153.70. The company has a market capitalization of $144.62 billion, a price-to-earnings ratio of 41.89 and a beta of 1.90. The business has a 50-day moving average price of $132.80 and a two-hundred day moving average price of $120.73.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tokyo Electron presently has a consensus 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.