Disco (OTCMKTS:DSCSY – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03, Zacks reports. Disco had a return on equity of 28.36% and a net margin of 32.04%. The business had revenue of $791.78 million during the quarter, compared to the consensus estimate of $725.68 million.
Disco Stock Performance
Shares of OTCMKTS:DSCSY opened at $18.47 on Friday. Disco has a 52-week low of $16.10 and a 52-week high of $42.93. The company has a market capitalization of $20.02 billion, a PE ratio of 25.30 and a beta of 1.23. The company has a fifty day moving average of $23.13 and a 200-day moving average of $26.16.
Wall Street Analysts Forecast Growth
Separately, Nomura Securities raised shares of Disco to a “hold” rating in a report on Friday, February 21st.
Disco Company Profile
Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.
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