Advanced Info Service Public (OTCMKTS:AVIFY) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Advanced Info Service Public (OTCMKTS:AVIFY) announced its quarterly earnings results on Friday. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02, Zacks reports. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.69 billion. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%.

Advanced Info Service Public Trading Up 5.6%

Shares of OTCMKTS:AVIFY traded up $0.54 during mid-day trading on Friday, reaching $10.26. The stock had a trading volume of 842 shares, compared to its average volume of 7,373. The company has a market cap of $30.51 billion, a P/E ratio of 27.00 and a beta of 0.26. Advanced Info Service Public has a 1 year low of $7.17 and a 1 year high of $10.61. The business’s 50 day moving average price is $9.58 and its 200 day moving average price is $9.13.

Advanced Info Service Public Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 21st were issued a $0.149 dividend. This represents a dividend yield of 292.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Advanced Info Service Public’s payout ratio is 76.32%.

About Advanced Info Service Public

Advanced Info Service Public Company Limited, together its subsidiaries, provides communication products and services primarily in Thailand. It is involved in the operation of cellular telephone networks, networks, and telecommunication and internet services. The company also distributes handsets; cash cards and electronic payment services; and internet equipment.