Sharp (OTCMKTS:SHCAY) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Sharp Corporation reported a quarterly earnings per share (EPS) of $0.04, exceeding expectations by $0.02.
• The company had revenue of $3.20 billion, surpassing the analyst estimates of $3.09 billion.
• Sharp's stock saw an increase, trading at $1.32 following the earnings announcement.

Sharp (OTCMKTS:SHCAY - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02, Zacks reports. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.09 billion. Sharp had a net margin of 1.70% and a return on equity of 0.33%.

Sharp Stock Performance

SHCAY traded up $0.02 on Friday, hitting $1.32. 11,540 shares of the company's stock were exchanged, compared to its average volume of 10,507. The firm has a market cap of $3.43 billion, a PE ratio of 14.67 and a beta of 0.73. Sharp has a twelve month low of $1.01 and a twelve month high of $1.74. The stock has a fifty day moving average of $1.13 and a two-hundred day moving average of $1.33. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 2.42.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.

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