Investing.com - Nippon ADR reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nippon ADR announced earnings per share of ¥0.7689 on revenue of ¥22.67B. Analysts polled by Investing.com anticipated EPS of ¥0.7098 on revenue of ¥22.87B.
Nippon ADR shares are up 2.55% from the beginning of the year, still down 11.94% from its 52 week high of ¥31.92 set on May 27. They are outperforming the EUR/USD which is down 0% from the start of the year.
Nippon ADR shares gained 0.43% in intra-day trade following the report.
Nippon ADR follows other major Communication Services sector earnings this month
Nippon ADR's report follows an earnings missed by Alphabet C on July 26, who reported EPS of ¥1.21 on revenue of ¥69.69B, compared to forecasts EPS of ¥1.27 on revenue of ¥69.8B.
Alphabet A had missed expectations on July 26 with second quarter EPS of ¥1.21 on revenue of ¥69.69B, compared to forecast for EPS of ¥1.27 on revenue of ¥69.8B.
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