Deswell Industries (DSWL) Posts Quarterly Earnings Results

Deswell Industries (NASDAQ: DSWL) announced its earnings results on Thursday. The company reported ($0.12) EPS for the quarter, ARN reports. The company had revenue of $9.52 million for the quarter, compared to the consensus estimate of $12.20 million.

Shares of Deswell Industries (NASDAQ: DSWL) opened at 2.70 on Thursday. Deswell Industries has a one year low of $2.02 and a one year high of $2.93. The stock’s 50-day moving average is currently $2.52. The company’s market cap is $44.4 million.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 18th. Stockholders of record on Wednesday, June 26th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.52%.

Deswell Industries, Inc. (NASDAQ: DSWL) is an independent manufacturer of injection-molded plastic parts and components, electronic products and subassemblies and metallic molds and accessory parts for original equipment manufacturers (OEMs) and contract manufacturers.

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