Investing.com - Sony ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sony ADR announced earnings per share of ¥3.52 on revenue of ¥20.23B. Analysts polled by Investing.com anticipated EPS of ¥0.96 on revenue of ¥18.47B.
Sony ADR shares are up 20.1% from the beginning of the year and are trading at ¥81.67 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Sony ADR shares gained 5.42% in intra-day trade the report.
Sony ADR follows other major Consumer Cyclical sector earnings this month
Sony ADR's report follows an earnings beat by Tesla on October 21, who reported EPS of ¥0.76 on revenue of ¥8.77B, compared to forecasts EPS of ¥0.57 on revenue of ¥8,435M.
Illinois Tool Works had beat expectations on Friday with third quarter EPS of ¥1.83 on revenue of ¥3.31B, compared to forecast for EPS of ¥1.47 on revenue of ¥2.98B.
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