Sumitomo Electric Industries (OTCMKTS:SMTOY) Posts Earnings Results, Meets Expectations

Sumitomo Electric Industries (OTCMKTS:SMTOY) posted its quarterly earnings results on Friday. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08, Zacks reports. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.49 billion.

Sumitomo Electric Industries Price Performance

Sumitomo Electric Industries stock opened at $5.45 on Friday. The company has a market cap of $34.62 billion, a PE ratio of 12.98 and a beta of 1.06. The company has a fifty day moving average price of $6.78 and a two-hundred day moving average price of $39.74. Sumitomo Electric Industries has a 12 month low of $4.50 and a 12 month high of $11.14.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. is a Japan-based diversified manufacturer that develops and supplies products used in the automotive, information and communications, electronics, energy, and industrial materials sectors. The company traces its origins to 1897, when it began manufacturing copper wire, and has expanded into a global technology and materials business.

Its automotive products include wiring harnesses, connectors, and related electrical components. In the information and communications field, Sumitomo Electric provides optical fiber, fiber-optic cables, network equipment, and other technologies used in telecommunications infrastructure.