Fanuc (OTCMKTS:FANUY) Shares Gap Up Following Earnings Beat

Fanuc Corp. (OTCMKTS:FANUY) shares gapped up prior to trading on Monday following a better than expected earnings announcement. The stock had previously closed at $21.05, but opened at $23.00. Fanuc shares last traded at $22.71, with a volume of 37,028 shares traded.

The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Fanuc had a return on equity of 9.24% and a net margin of 19.41%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $224.28 billion.

Fanuc Price Performance

The stock has a market cap of $44.19 billion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 2.87 and a beta of 0.80. The stock has a fifty day moving average of $19.55 and a 200 day moving average of $18.82.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.