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

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Orkla ASA (OTCMKTS:ORKLY) announced its earnings results on Friday. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01, MarketWatch Earnings reports. The business had revenue of $1.22 billion for the quarter. Orkla ASA had a net margin of 8.21% and a return on equity of 10.38%.

Shares of OTCMKTS ORKLY opened at $8.96 on Friday. Orkla ASA has a one year low of $7.48 and a one year high of $9.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 0.81. The company’s 50 day simple moving average is $8.85. The company has a market capitalization of $9.13 billion, a PE ratio of 21.32 and a beta of 0.25.

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.

Further Reading: Understanding Analyst Recommendations

Earnings History for Orkla ASA (OTCMKTS:ORKLY)

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