Market Overview

Hitachi Quarterly Profit Surges 54%

Related HTHIY
'Merger Mania' In Semiconductor Space: Who's Up To Bat And Who's Struck Out
Hitachi to Acquire Signalling and Rolling Stock Operations of Finmeccanica

Hitachi (OTC: HTHIY) reported a 54% rise in its net profit for the three months ended June 30.

Hitachi's quarterly net profit surged to Y10.79 billion ($109.7 million), from Y7.01 billion, in the year-ago period.

Its revenue declined 1.8% to Y2.082 trillion, while operating profit dropped 12.7% to Y55.48 billion. However, analysts were expecting a net profit of Y1.63 billion on revenue of Y2.116 trillion.

Hitachi shares closed at $64.41 yesterday.

Posted-In: profitEarnings News


Related Articles (HTHIY)

View Comments and Join the Discussion!

Get Benzinga's Newsletters