AU Optronics Corp (ADR) (AUO) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.57 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $-0.40. The company posted revenue of $71135.00 million in the period, compared to analysts expectations of $72386.56 million. The company’s revenue was down -25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on AU Optronics Corp (ADR). AU Optronics Corp (ADR) was Upgraded by Citigroup to ” Buy” on Apr 7, 2016.
AU Optronics Corp (ADR) opened for trading at $2.97 and hit $2.97 on the upside on Wednesday, eventually ending the session at $2.96, with a gain of 0.34% or 0.01 points. The heightened volatility saw the trading volume jump to 2,14,619 shares. Company has a market cap of $2,849 M.
Au Optronics Corp. is engaged in the research development production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. The Company operates in two business segments: Display Business and Solar Business. In the Display Business segment the Company designs develops manufactures assembles and markets flat panel displays. In the Solar Business segment the Company designs develops and manufactures PV modules as well as produce solar PV systems and provide various value-added services for solar PV systems projects.