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Electrolux (OTCMKTS:ELUXY) Shares Gap Down Following Weak Earnings

Electrolux logo with Consumer Discretionary background

Shares of Electrolux AB (OTCMKTS:ELUXY - Get Free Report) gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $14.80, but opened at $12.64. Electrolux shares last traded at $12.64, with a volume of 1,165 shares changing hands.

The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.40). Electrolux had a net margin of 0.11% and a return on equity of 1.61%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $33.03 billion.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an "underweight" rating on shares of Electrolux in a report on Wednesday, June 18th.

Read Our Latest Report on ELUXY

Electrolux Trading Up 2.6%

The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.91. The business's 50-day simple moving average is $13.78 and its two-hundred day simple moving average is $15.52. The company has a market capitalization of $1.76 billion, a PE ratio of 137.79 and a beta of 1.14.

Electrolux Company Profile

(Get Free Report)

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.

Further Reading

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