Fujifilm (FUJIY) Beats On Q3 Earnings, Raises FY18 EPS View
Zacks Investment Research | Jan 30, 2018 09:47PM ET
Fujifilm Holdings Corporation (OTC:FUJIY) reported mixed third-quarter fiscal 2018 (ended Dec 31, 2017) results.
Inside the Headlines
Net income for the quarter came in at ¥53.6 billion ($474.9 million), up 20.9% year over year.
Quarterly earnings per American Depositary Receipt (“ADR”) came in at $1.08 per share, up 21.3% year over year. The bottom line also comfortably surpassed the Zacks Consensus Estimate of 67 cents per ADR. The upside was backed by sturdy sales secured from certain major businesses (like medical systems and electronic materials) and ongong medium-term management program.
Revenues
In the reported quarter, revenues improved 7.4% year over year to ¥621.7 billion ($5,507 million). However, the top line missed the Zacks Consensus Estimate of $5,600 million.
Revenues from the Imaging Solutions segment — 19.8% of the total revenues — came in at roughly ¥122.8 billion ($1,088.5 million). The Information Solutions segment revenues came in at ¥247.5 billion ($2,192.1 million), representing 39.8% of the total revenues, while the Document Solutions segment generated ¥251.4 billion ($2,262.5 million), accounting for 40.4% of the total revenues.
Of the total revenues, domestic revenues accounted for 39.2%, while international revenues made up the remaining 60.8%.
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