Investing.com - Orix (NYSE:IX) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Orix announced earnings per share of ¥2.04 on revenue of ¥5.43B. Analysts polled by Investing.com anticipated EPS of ¥1.97 on revenue of ¥5.35B.
Orix shares are up 3.39% from the beginning of the year, still down 12.51% from its 52 week high of ¥91.38 set on March 26. They are outperforming the EUR/USD which is down 0% from the start of the year.
Orix follows other major Financial sector earnings this month
Orix's report follows an earnings beat by Berkshire Hathaway A on May 1, who reported EPS of ¥4571.96 on revenue of ¥67.48B, compared to forecasts EPS of ¥3792.36 on revenue of ¥63.54B.
JPMorgan had beat expectations on April 14 with first quarter EPS of ¥4.5 on revenue of ¥33.12B, compared to forecast for EPS of ¥3.1 on revenue of ¥30.49B.
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