AU Optronics Corp. (NYSE:AUO) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
AU Optronics Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.36 in the quarter versus EPS of $-0.52 in the year-earlier quarter.
Revenue: Rose 14.9% to $3.16 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: AU Optronics Corp. reported adjusted EPS loss of $0.36 per share. By that measure, the company beat the mean analyst estimate of $-0.41. It beat the average revenue estimate of $3.15 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
EPS increased to $-0.36 in the quarter versus EPS of $-0.49 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.18 to a loss $0.16. For the current year, the average estimate is a loss of $0.35, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)