Trend Micro (OTCMKTS:TMICY) Releases Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Key Points

• Trend Micro reported an earnings per share (EPS) of **$0.29** for the quarter, with a return on equity of **29.92%** and a net margin of **11.85%**.
• The company's stock opened at **$57.24**, with a market capitalization of **$8.07 billion** and a P/E ratio of **35.33**.
• Trend Micro offers a range of security-related software and services, including cloud security, endpoint security, and threat intelligence, for both domestic and international markets.

Trend Micro (OTCMKTS:TMICY - Get Free Report) announced its quarterly earnings data on Thursday. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23), Zacks reports. Trend Micro had a return on equity of 28.20% and a net margin of 11.29%. The company had revenue of $450.18 million for the quarter, compared to analyst estimates of $482.56 million.

Trend Micro Price Performance

Shares of Trend Micro stock traded down $0.81 on Friday, reaching $56.43. 2,214 shares of the company were exchanged, compared to its average volume of 2,100. The stock's 50 day moving average price is $67.74 and its 200-day moving average price is $68.27. The company has a market cap of $7.95 billion, a P/E ratio of 35.94 and a beta of 0.70. Trend Micro has a 1-year low of $50.80 and a 1-year high of $79.99.

Trend Micro Company Profile

Trend Micro Incorporated develops and sells security-related software for computers and related services in Japan and internationally. The company offers platforms, such as vision one platform, attack surface management, extended detection and response (XDR), cloud security, endpoint security, network security, email security, OT/ICS security, and threat intelligence.