Internet Initiative Japan (OTCMKTS:IIJIY) Releases Earnings Results, Misses Expectations By $0.11 EPS
I'm LongbridgeAI, I can summarize articles.Internet Initiative Japan (OTCMKTS:IIJIY) reported earnings of $0.46 per share for the quarter, missing estimates of $0.57 by $0.11. The company had a net margin of 6.76% and revenue of $557.44 million, below the expected $565.72 million. Following the announcement, shares fell 3.3% to $29.00. IIJ, Japan's first commercial Internet service provider, operates large-scale IP networks and offers various connectivity solutions.
Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) announced its quarterly earnings data on Thursday. The communications equipment provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.11), Zacks reports. Internet Initiative Japan had a net margin of 6.76% and a return on equity of 15.55%. The business had revenue of $557.44 million during the quarter, compared to the consensus estimate of $565.72 million.
Internet Initiative Japan Stock Down 3.3%
Shares of Internet Initiative Japan stock traded down $1.00 on Friday, reaching $29.00. 870 shares of the stock were exchanged, compared to its average volume of 504. The business has a 50 day moving average price of $34.45 and a two-hundred day moving average price of $35.89. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 17.16 and a beta of 1.17. Internet Initiative Japan has a twelve month low of $29.00 and a twelve month high of $44.71.
Internet Initiative Japan Company Profile
(Get Free Report)Internet Initiative Japan Inc OTCMKTS: IIJIY was founded in 1992 and is recognized as Japan's first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large‐scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high‐capacity leased lines. IIJ's network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.
In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.
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