Orkla ASA (OTCMKTS:ORKLY) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Orkla ASA (OTCMKTS:ORKLY) posted its quarterly earnings results on Friday. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01, MarketWatch Earnings reports. The firm had revenue of $1.22 billion during the quarter. Orkla ASA had a return on equity of 10.38% and a net margin of 8.21%.

ORKLY opened at $8.96 on Friday. The stock has a 50-day moving average of $8.85. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 21.32 and a beta of 0.25. Orkla ASA has a 1 year low of $7.48 and a 1 year high of $9.19.

Orkla ASA Company Profile

Orkla ASA engages in the branded consumer goods, renewable energy, real estate, and financial investment businesses. The company offers branded products, including pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery retail trade, as well as the out-of-home, convenience store, and petrol station sectors.

Recommended Story: Growth and Income Funds

Earnings History for Orkla ASA (OTCMKTS:ORKLY)

Receive News & Ratings for Orkla ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orkla ASA and related companies with MarketBeat.com's FREE daily email newsletter.