DISCO (OTCMKTS:DSCSY) Releases Earnings Results, Beats Estimates By $0.03 EPS

DISCO (OTCMKTS:DSCSY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.03, Zacks reports. DISCO had a net margin of 30.90% and a return on equity of 27.25%. The firm had revenue of $622.39 million for the quarter, compared to the consensus estimate of $575.52 million.

DISCO Stock Performance

Shares of DISCO stock traded down $0.52 during trading hours on Friday, hitting $28.59. The company's stock had a trading volume of 281,130 shares, compared to its average volume of 81,121. The stock has a market cap of $31.00 billion, a price-to-earnings ratio of 38.12 and a beta of 1.35. DISCO has a twelve month low of $16.10 and a twelve month high of $35.07. The firm has a fifty day moving average of $25.66 and a 200-day moving average of $24.92.

Analyst Upgrades and Downgrades

Separately, Macquarie raised DISCO from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 9th.

About DISCO

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.