TDK (OTCMKTS:TTDKY) Announces Earnings Results, Beats Expectations By $0.50 EPS

TDK (OTCMKTS:TTDKY) issued its quarterly earnings data on Tuesday. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.50, Yahoo Finance reports. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.29 billion. TDK had a net margin of 5.89% and a return on equity of 7.54%.

TDK Price Performance

OTCMKTS:TTDKY traded up $7.03 during trading hours on Wednesday, reaching $71.58. The company’s stock had a trading volume of 35,000 shares, compared to its average volume of 23,156. TDK has a one year low of $33.66 and a one year high of $71.84. The business’s 50-day moving average is $60.00 and its 200-day moving average is $53.22. The company has a current ratio of 1.70, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23.

About TDK

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.