Investing.com - Orix (NYSE:IX) reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Orix announced earnings per share of ¥2.34 on revenue of ¥5.44B. Analysts polled by Investing.com anticipated EPS of ¥2.79 on revenue of ¥5.56B.
Orix shares are up 4.75% from the beginning of the year, still down 5.58% from its 52 week high of ¥112.91 set on January 14. 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 JPMorgan on January 14, who reported EPS of ¥3.33 on revenue of ¥29.26B, compared to forecasts EPS of ¥3.01 on revenue of ¥29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of ¥0.82 on revenue of ¥22.06B, compared to forecast for EPS of ¥0.7652 on revenue of ¥22.18B.
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