AU Optronics Corp (ADR) (AUO) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Jun 29, 2016.
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.
On the company’s financial health, AU Optronics Corp (ADR) reported $-0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.40. The company had revenue of $71135.00 million for the quarter, 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.
AU Optronics Corp (ADR) closed down -0.09 points or -3.09% at $2.82 with 4,04,644 shares getting traded on Monday. Post opening the session at $2.9, the shares hit an intraday low of $2.8 and an intraday high of $2.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.