Intchains Group (NASDAQ:ICG) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Intchains Group (NASDAQ:ICG) posted its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. The business had revenue of $10.16 million during the quarter, compared to the consensus estimate of $14.88 million. Intchains Group had a net margin of 19.08% and a return on equity of 4.77%.

Intchains Group Trading Up 3.1 %

ICG stock opened at $3.95 on Friday. Intchains Group has a 1-year low of $2.80 and a 1-year high of $12.04. The business’s 50 day moving average is $4.42 and its 200-day moving average is $5.02. The firm has a market cap of $236.92 million, a P/E ratio of 35.91 and a beta of 1.35.

About Intchains Group

Intchains Group Limited designs and sells application-specific integrated circuit chips for blockchain applications in the People's Republic of China. The company also offers ancillary software, hardware, and other products. It serves distributors. Intchains Group Limited was founded in 2017 and is based in Pudong, China.