Investing.com - Japan Aviation Electronics Ltd reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Japan Aviation Electronics Ltd announced earnings per share of ¥53.5 on revenue of ¥65.8. Analysts polled by Investing.com anticipated EPS of ¥34.6 on revenue of ¥66.18B.
Japan Aviation Electronics Ltd shares are down 16.97% from the beginning of the year, still down 13.18% from its 52 week high of ¥2,488.00 set on September 9.
Japan Aviation Electronics Ltd follows other major Information Technology sector earnings this month
Japan Aviation Electronics Ltd's report follows an earnings missed by Canon on Wednesday, who reported EPS of ¥51.34 on revenue of ¥996.1B, compared to forecasts EPS of ¥63.66 on revenue of ¥1,014.94B.
Obic Co Ltd had beat expectations on Tuesday with second quarter EPS of ¥132.77 on revenue of ¥24.97B, compared to forecast for EPS of ¥130.72 on revenue of ¥24.77B.
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