Investing.com - Orix (NYSE:IX) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Orix announced earnings per share of ¥2.46 on revenue of ¥5.57B. Analysts polled by Investing.com anticipated EPS of ¥2.25 on revenue of ¥5.13B.
Orix shares are up 19.39% from the beginning of the year, still down 2.32% from its 52 week high of ¥91.68 set on June 8. They are outperforming the TR UK 50 which is up 8% from the start of the year.
Orix follows other major Financial sector earnings this month
Orix's report follows an earnings beat by Bank of America on July 14, who reported EPS of ¥1.03 on revenue of ¥21.47B, compared to forecasts EPS of ¥0.7706 on revenue of ¥21.8B.
Wells Fargo&Co had beat expectations on July 14 with second quarter EPS of ¥1.38 on revenue of ¥20.27B, compared to forecast for EPS of ¥0.9752 on revenue of ¥17.76B.
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