Investing.com - Orix reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Orix announced earnings per share of ¥1.89 on revenue of ¥5.07B. Analysts polled by Investing.com anticipated EPS of ¥2.59 on revenue of ¥4.92B.
Orix shares are down 29% from the beginning of the year and are trading at ¥59.22 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Orix shares gained 6.82% in intra-day trade after the report.
Orix follows other major Financial sector earnings this month
Orix's report follows an earnings beat by Mastercard on Thursday, who reported EPS of ¥1.36 on revenue of ¥3.34B, compared to forecasts EPS of ¥1.17 on revenue of ¥3.25B.
JPMorgan had beat expectations on Tuesday, July 14, 2020 with second quarter EPS of ¥1.38 on revenue of ¥33.82B, compared to forecast for EPS of ¥1.15 on revenue of ¥30.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar