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

TDK (OTCMKTS:TTDKY) announced its earnings results 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. TDK had a net margin of 5.89% and a return on equity of 7.54%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.29 billion.

TDK Trading Up 10.9 %

TTDKY traded up $7.03 during midday trading on Wednesday, reaching $71.58. 35,000 shares of the company were exchanged, 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 stock’s 50-day simple moving average is $60.00 and its 200 day simple moving average is $53.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.30.

TDK Company Profile

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.