Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) issued its earnings results on Friday. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02), Zacks reports. The firm had revenue of $25.31 billion during the quarter, compared to analysts’ expectations of $199.75 billion. Industrial and Commercial Bank of China had a net margin of 23.22% and a return on equity of 9.37%.

Industrial and Commercial Bank of China Price Performance

IDCBY stock traded down $0.31 on Friday, reaching $13.87. 16,353 shares of the company’s stock were exchanged, compared to its average volume of 40,651. The stock has a fifty day moving average of $14.04 and a 200-day moving average of $12.81. The firm has a market cap of $247.17 billion, a PE ratio of 5.08 and a beta of 0.09. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. Industrial and Commercial Bank of China has a twelve month low of $9.84 and a twelve month high of $14.95.

Industrial and Commercial Bank of China Company Profile

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.