Investing.com - Orix (NYSE:IX) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Orix announced earnings per share of ¥1.97 on revenue of ¥4.99B. Analysts polled by Investing.com anticipated EPS of ¥2.35 on revenue of ¥5.04B.
Orix shares are down 14.22% from the beginning of the year, still down 22.67% from its 52 week high of ¥112.91 set on January 14. They are under-performing 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 July 19, who reported EPS of ¥4774.01 on revenue of ¥70.81B, compared to forecasts EPS of ¥4277.66 on revenue of ¥70.32B.
JPMorgan had missed expectations on July 14 with second quarter EPS of ¥2.76 on revenue of ¥30.72B, compared to forecast for EPS of ¥2.89 on revenue of ¥31.86B.
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