Investing.com - Nippon ADR reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nippon ADR announced earnings per share of ¥0.8616 on revenue of ¥26.34B. Analysts polled by Investing.com anticipated EPS of ¥0.7974 on revenue of ¥26.92B.
Nippon ADR shares are up 4.75% from the beginning of the year, still down 3.21% from its 52 week high of ¥30.26 set on September 17, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Nippon ADR follows other major Communication Services sector earnings this month
Nippon ADR's report follows an earnings beat by Alphabet C on February 1, who reported EPS of ¥30.69 on revenue of ¥75.33B, compared to forecasts EPS of ¥27.8 on revenue of ¥72.27B.
Meta Platforms had missed expectations on Wednesday with fourth quarter EPS of ¥3.67 on revenue of ¥33.67B, compared to forecast for EPS of ¥3.84 on revenue of ¥33.37B.
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