Investing.com - Nippon ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nippon ADR announced earnings per share of ¥0.8226 on revenue of ¥26.52B. Analysts polled by Investing.com anticipated EPS of ¥0.8172 on revenue of ¥27.1B.
Nippon ADR shares are up 11.25% from the beginning of the year and are trading at ¥28.59 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Nippon ADR follows other major Services sector earnings this month
Nippon ADR's report follows an earnings beat by Visa A on October 26, who reported EPS of ¥1.62 on revenue of ¥6.56B, compared to forecasts EPS of ¥1.55 on revenue of ¥6.52B.
Netflix had beat expectations on October 19 with third quarter EPS of ¥3.19 on revenue of ¥7.48B, compared to forecast for EPS of ¥2.57 on revenue of ¥7.48B.
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