Investing.com - Sony ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sony ADR announced earnings per share of ¥1.8 on revenue of ¥18.56B. Analysts polled by Investing.com anticipated EPS of ¥0.57 on revenue of ¥15.38B.
Sony ADR shares are up 19.51% from the beginning of the year and are trading at ¥81.27 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Sony ADR follows other major Consumer Cyclical sector earnings this month
Sony ADR's report follows an earnings beat by Tesla on July 22, who reported EPS of ¥2.18 on revenue of ¥6.04B, compared to forecasts EPS of ¥0 on revenue of ¥6.04B.
Louis Vuitton ADR had missed expectations on July 26 with second quarter EPS of ¥0.24 on revenue of ¥9.18B, compared to forecast for EPS of ¥1.73 on revenue of ¥9.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar