Investing.com - Sony ADR reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sony ADR announced earnings per share of ¥68.23 on revenue of ¥2.13B. Analysts polled by Investing.com anticipated EPS of ¥0.33 on revenue of ¥17.85B. That with comparison to EPS of ¥0.62 on revenue of ¥19.19B in the same period a year before.Sony ADR had reported EPS of ¥1.7 on revenue of ¥22.44B in the previous quarter.Analysts are expecting EPS of ¥0.95 and revenue of ¥16.97B in the upcoming quarter.
Sony ADR shares are down 3.54% from the beginning of the year and are trading at ¥65.59 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Sony ADR follows other major Consumer Cyclical sector earnings this month
Sony ADR's report follows an earnings missed by Toyota Motor ADR on Tuesday, who reported EPS of ¥0.43 on revenue of ¥66.21B, compared to forecasts EPS of ¥0.75 on revenue of ¥64.05B.
Tesla had beat expectations on Wednesday, April 29, 2020 with first quarter EPS of ¥1.24 on revenue of ¥5.99B, compared to forecast for EPS of ¥-0.28 on revenue of ¥6.11B.
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