AU Optronics Corp (ADR) (AUO) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $-0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $-0.20. The company posted revenue of $80090.00 million in the period, compared to analysts expectations of $77623.64 million. The company’s revenue was down -13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on AU Optronics Corp (ADR). AU Optronics Corp (ADR) was Upgraded by BofA/Merrill to ” Buy” on Jul 19, 2016. AU Optronics Corp (ADR) was Upgraded by Credit Suisse to ” Outperform” on Jun 29, 2016.
AU Optronics Corp (ADR) closed down -0.16 points or -3.77% at $4.08 with 18,24,831 shares getting traded on Thursday. Post opening the session at $4.08, the shares hit an intraday low of $4.03 and an intraday high of $4.1 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.