Fast Retailing (OTCMKTS:FRCOY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Fast Retailing (OTCMKTS:FRCOY) announced its quarterly earnings data on Thursday. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04, Manual reports. The firm had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.14 billion.

Fast Retailing Price Performance

FRCOY stock opened at $37.82 on Friday. The business has a 50 day simple moving average of $36.33 and a 200-day simple moving average of $33.77. Fast Retailing has a twelve month low of $28.46 and a twelve month high of $38.53.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Fast Retailing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.