Fast Retailing (OTCMKTS:FRCOY) Posts Quarterly Earnings Results

Fast Retailing (OTCMKTS:FRCOY) released its quarterly earnings data on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04, Manual reports. The company had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.14 billion.

Fast Retailing Trading Up 8.2%

Fast Retailing stock traded up $3.09 during midday trading on Friday, reaching $40.91. The company had a trading volume of 6,773 shares, compared to its average volume of 54,988. The firm’s fifty day simple moving average is $36.33 and its 200-day simple moving average is $33.77. Fast Retailing has a 12-month low of $28.46 and a 12-month high of $40.91.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Fast Retailing from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.