NTT (OTCMKTS:NTTYY) Announces Earnings Results, Meets Estimates

NTT (OTCMKTS:NTTYY) issued its quarterly earnings results on Tuesday. The company reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69, Zacks reports. NTT had a return on equity of 9.02% and a net margin of 7.20%.The firm had revenue of $22.78 billion for the quarter, compared to analysts’ expectations of $23.48 billion.

NTT Stock Down 2.6%

OTCMKTS NTTYY traded down $0.65 during trading on Wednesday, reaching $24.60. 113,029 shares of the company’s stock were exchanged, compared to its average volume of 119,715. NTT has a fifty-two week low of $22.80 and a fifty-two week high of $28.70. The firm has a market capitalization of $83.87 billion, a PE ratio of 12.42 and a beta of 0.17. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.87. The company’s fifty day simple moving average is $26.34 and its 200-day simple moving average is $26.47.

About NTT

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.