Investing.com - Mitsubishi UFJ (NYSE:MUFG) Financial ADR reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mitsubishi UFJ Financial ADR announced earnings per share of ¥0.0685 on revenue of ¥16.41B. Analysts polled by Investing.com anticipated EPS of ¥0.055 on revenue of ¥7.13B.
Mitsubishi UFJ Financial ADR shares are down 15% from the beginning of the year, still down 16.37% from its 52 week high of ¥6.78 set on March 22. They are under-performing the S&P 500 which is down 13.59% from the start of the year.
Mitsubishi UFJ Financial ADR follows other major Financial sector earnings this month
Mitsubishi UFJ Financial ADR's report follows an earnings beat by Berkshire Hathaway A on July 19, who reported EPS of ¥4774.01 on revenue of ¥70.81B, compared to forecasts EPS of ¥4277.66 on revenue of ¥70.32B.
JPMorgan had missed expectations on July 14 with second quarter EPS of ¥2.76 on revenue of ¥30.72B, compared to forecast for EPS of ¥2.89 on revenue of ¥31.86B.
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