Investing.com - Nippon ADR reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Nippon ADR announced earnings per share of ¥0.316 on revenue of ¥27.52B. Analysts polled by Investing.com anticipated EPS of ¥0.3263 on revenue of ¥26.92B.
Nippon ADR shares are down 27.96% from the beginning of the year, still down 4.38% from its 52 week high of ¥30.84 set on March 23. They are under-performing the FTSE 100 which is down 2.85% from the start of the year.
Nippon ADR follows other major Communication Services sector earnings this month
Nippon ADR's report follows an earnings missed by Alphabet C on April 26, who reported EPS of ¥24.62 on revenue of ¥68.01B, compared to forecasts EPS of ¥25.59 on revenue of ¥68.06B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of ¥2.72 on revenue of ¥27.91B, compared to forecast for EPS of ¥2.56 on revenue of ¥28.28B.
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