Fujitsu (OTCMKTS:FJTSY) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Fujitsu reported quarterly earnings of $0.11 per share, missing expectations of $0.14 by $0.03, with revenue at $5.05 billion compared to the forecast of $5.20 billion.
• During trading on Friday, shares of Fujitsu increased by 3.9%, reaching a price of $22.65, though trading volume was below its average.
• Fujitsu operates as an information and communication technology company, with three main segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions.

Fujitsu (OTCMKTS:FJTSY - Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03), Zacks reports. The firm had revenue of $5.05 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fujitsu had a return on equity of 17.48% and a net margin of 8.72%.

Fujitsu Trading Up 3.9%

Shares of OTCMKTS FJTSY traded up $0.85 during trading on Friday, reaching $22.65. The company had a trading volume of 57,225 shares, compared to its average volume of 191,050. The company has a current ratio of 1.57, a quick ratio of 1.41 and a debt-to-equity ratio of 0.05. Fujitsu has a 12-month low of $14.54 and a 12-month high of $25.14. The business's 50-day moving average is $22.96 and its 200 day moving average is $21.04.

Fujitsu Company Profile

Fujitsu Limited operates as an information and communication technology company in Japan and internationally. The company operates through three segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. The company offers multi cloud and hybrid IT services; assessment and consultative services; SAP landscape transformation services; new workplace; datacentre products comprising integrated systems, storage solutions, servers, network switches, and infrastructure management; workplace products including notebooks, tablet PC's, desktop PC's, workstations, thin clients, displays, and peripheral devices; consumption based IT services; installation and implementation services; and hardware, software, and infrastructure support services, as well as electronic devices, air conditioning products, and network solutions.

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