Nikon (OTCMKTS:NINOY) Announces Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Key Points

• Nikon reported a quarterly earnings per share (EPS) of $0.20, exceeding analyst estimates by $0.15.
• The company had a revenue of $1.07 billion, falling short of expectations of $1.10 billion.
• Nikon's stock price increased by 2.0%, reaching $9.84 during trading hours following the earnings announcement.

Nikon (OTCMKTS:NINOY - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.15, Zacks reports. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Nikon had a return on equity of 2.00% and a net margin of 1.85%.

Nikon Trading Up 2.0%

OTCMKTS NINOY traded up $0.19 during trading hours on Friday, hitting $9.84. 551 shares of the company's stock were exchanged, compared to its average volume of 892. The business's 50 day moving average is $9.86 and its 200-day moving average is $10.09. The firm has a market capitalization of $3.28 billion, a P/E ratio of 37.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.02 and a current ratio of 2.03. Nikon has a 12-month low of $8.50 and a 12-month high of $13.07.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.