Orkla Asa (OTCMKTS:ORKLY) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Orkla Asa (OTCMKTS:ORKLY) posted its quarterly earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.85 billion. Orkla Asa had a return on equity of 13.96% and a net margin of 16.06%.

Orkla Asa Price Performance

OTCMKTS ORKLY opened at $13.78 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. Orkla Asa has a 1 year low of $9.45 and a 1 year high of $13.79. The firm’s fifty day moving average price is $11.53 and its two-hundred day moving average price is $10.99.

Orkla Asa Company Profile

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.