Investing.com - Tata Motors (NYSE:TTM) ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tata Motors ADR announced earnings per share of -0.0631 on revenue of 9.04B. Analysts polled by Investing.com anticipated EPS of 0.0108 on revenue of 9.11B.
Tata Motors ADR shares are down 8.75% from the beginning of the year, still down 21.37% from its 52 week high of 35.38 set on November 17, 2021. They are under-performing the Nifty 50 which is down 7.52% from the start of the year.
Tata Motors ADR follows other major Consumer Discretionary sector earnings this month
Tata Motors ADR's report follows an earnings beat by Nike on June 27, who reported EPS of 0.9 on revenue of 12.23B, compared to forecasts EPS of 0.8015 on revenue of 12.06B.
Fast Retailing ADR had beat expectations on Thursday with second quarter EPS of 0.6426 on revenue of 3.94B, compared to forecast for EPS of 0.2985 on revenue of 3.95B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar