Tokyo Electron (OTCMKTS:TOELY) Releases Earnings Results, Misses Estimates By $0.28 EPS

Tokyo Electron (OTCMKTS:TOELY) issued its quarterly earnings results on Thursday. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.28), Zacks reports. Tokyo Electron had a net margin of 21.07% and a return on equity of 23.86%.

Tokyo Electron Stock Performance

Shares of Tokyo Electron stock traded up $10.77 during trading on Thursday, hitting $150.30. 139,728 shares of the stock traded hands, compared to its average volume of 169,041. The stock has a market cap of $141.77 billion, a P/E ratio of 41.07 and a beta of 1.90. Tokyo Electron has a twelve month low of $66.10 and a twelve month high of $152.09. The company has a fifty day moving average price of $132.64 and a two-hundred day moving average price of $120.52.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Tokyo Electron has a consensus rating of “Hold”.

About Tokyo Electron

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.