Investing.com - Nippon ADR reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nippon ADR announced earnings per share of ¥0.7 on revenue of ¥28.41B. Analysts polled by Investing.com anticipated EPS of ¥0.64 on revenue of ¥26.16B.
Nippon ADR shares are down 22% from the beginning of the year and are trading at ¥22.12 , down-from-52-week-high.They are under-performing the DAX which is down 6.09% 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 Amazon.com on October 29, who reported EPS of ¥12.37 on revenue of ¥96.15B, compared to forecasts EPS of ¥7.41 on revenue of ¥92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of ¥18 on revenue of ¥155.06B, compared to forecast for EPS of ¥14.18 on revenue of ¥155.88B.
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