Tomra Systems ASA (OTCMKTS:TMRAY) Announces Quarterly Earnings Results

by · The Markets Daily

Tomra Systems ASA (OTCMKTS:TMRAY – Get Free Report) released its earnings results on Friday. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01, Zacks reports. The company had revenue of $421.19 million for the quarter, compared to analysts’ expectations of $394.62 million.

Tomra Systems ASA Price Performance

OTCMKTS TMRAY opened at $10.13 on Friday. The stock’s fifty day moving average price is $10.37 and its 200 day moving average price is $10.60. Tomra Systems ASA has a 1 year low of $9.08 and a 1 year high of $14.18.

About Tomra Systems ASA

(Get Free Report)

Tomra Systems ASA is a Norway-based technology company that develops solutions for resource recovery and the circular economy. Its businesses focus on collection, sorting, and processing technologies designed to help recover valuable materials, reduce waste, and improve the efficiency of resource use.

The company’s TOMRA Collection business provides reverse-vending machines and related systems for collecting used beverage containers. Its TOMRA Recycling operations offer sensor-based sorting equipment and digital solutions for separating materials such as plastics, metals, paper, and other recyclable products.

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