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

DISCO (OTCMKTS:DSCSY - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03, Zacks reports. DISCO had a return on equity of 27.83% and a net margin of 31.51%.

DISCO Stock Performance

Shares of DSCSY stock traded down $1.94 during trading hours on Thursday, reaching $29.11. The company had a trading volume of 49,431 shares, compared to its average volume of 75,184. DISCO has a twelve month low of $16.10 and a twelve month high of $36.00. The company has a market capitalization of $31.56 billion, a P/E ratio of 39.34 and a beta of 1.35. The stock's fifty day simple moving average is $25.35 and its 200 day simple moving average is $24.92.

Analyst Upgrades and Downgrades

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

DISCO Company Profile

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.