Disco (OTCMKTS:DSCSY) Announces Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) posted its quarterly earnings data on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, Zacks reports. Disco had a return on equity of 25.27% and a net margin of 30.95%.The company had revenue of $717.28 million for the quarter.

Disco Price Performance

Disco stock opened at $38.80 on Friday. Disco has a 12 month low of $24.94 and a 12 month high of $58.00. The company has a fifty day moving average price of $45.17 and a two-hundred day moving average price of $44.31. The company has a market cap of $42.09 billion, a PE ratio of 47.32 and a beta of 1.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Disco currently has a consensus rating of “Hold”.

Disco Company Profile

Disco (OTCMKTS: DSCSY) is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company’s product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco’s products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.