Investing.com - Nippon ADR reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Nippon ADR announced earnings per share of ¥0.8557 on revenue of ¥26.37B. Analysts polled by Investing.com anticipated EPS of ¥0.8565 on revenue of ¥25.56B.
Nippon ADR shares are down 0% from the beginning of the year, still down 8.21% from its 52 week high of ¥28.00 set on February 17. They are broadly in line with 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 July 27, who reported EPS of ¥27.26 on revenue of ¥61.88B, compared to forecasts EPS of ¥19.33 on revenue of ¥56.19B.
Facebook had beat expectations on July 28 with second quarter EPS of ¥3.61 on revenue of ¥29.08B, compared to forecast for EPS of ¥3.04 on revenue of ¥27.85B.
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