AU Optronics Earnings: Here’s Why Investors Like These Results
AU Optronics Corp. (NYSE:AUO) delivered a profit 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. Shares are up 1.69%.
AU Optronics Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.14 in the quarter versus EPS of $-0.47 in the year-earlier quarter.
Revenue: Rose 17.21% to $3.75 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: AU Optronics Corp. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $3.65 billion.
Key Stats (on next page)…
EPS increased to $0.14 in the quarter versus EPS of $-0.12 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.13 to a profit $0.07. For the current year, the average estimate has moved up from a loss of $0.07 to a profit of $0.04 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)