Trend Micro (OTCMKTS:TMICY) Issues Quarterly Earnings Results

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) released its quarterly earnings results on Thursday. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23), Zacks reports. The firm had revenue of $450.18 million during the quarter, compared to the consensus estimate of $482.56 million. Trend Micro had a net margin of 11.29% and a return on equity of 28.20%.

Trend Micro Price Performance

Shares of Trend Micro stock traded up $0.60 during midday trading on Tuesday, hitting $57.07. The company had a trading volume of 912 shares, compared to its average volume of 2,512. The business's 50 day simple moving average is $67.34 and its two-hundred day simple moving average is $68.35. The stock has a market cap of $8.04 billion, a PE ratio of 36.35 and a beta of 0.70. Trend Micro has a 1-year low of $50.80 and a 1-year high of $79.99.

About Trend Micro

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.