AU Optronics (NYS: AUO) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), AU Optronics beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share didn't move.
Margins grew across the board.
AU Optronics tallied revenue of $3.50 billion. The 20 analysts polled by S&P Capital IQ predicted a top line of $3.40 billion on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $3.24 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.63. The two earnings estimates compiled by S&P Capital IQ averaged -$0.45 per share. GAAP EPS of -$0.06 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -1.8%, 740 basis points better than the prior-year quarter. Operating margin was -8.9%, 830 basis points better than the prior-year quarter. Net margin was -15.8%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.54 billion. On the bottom line, the average EPS estimate is -$0.23.
Next year's average estimate for revenue is $13.06 billion. The average EPS estimate is -$1.54.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 463 members out of 490 rating the stock outperform, and 27 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give AU Optronics a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AU Optronics is outperform, with an average price target of $3.97.
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The article AU Optronics Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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