Investing.com - Sony ADR reported on Friday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Sony ADR announced earnings per share of ¥1.31 on revenue of ¥17.18B. Analysts polled by Investing.com anticipated EPS of ¥1.31 on revenue of ¥18.59B.
Sony ADR shares are down 3.53% from the beginning of the year and are trading at ¥84.86 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Sony ADR shares lost 3.09% in intra-day trade following the report.
Sony ADR follows other major Consumer Discretionary sector earnings this month
Sony ADR's report follows an earnings missed by Amazon.com on Thursday, who reported EPS of ¥-0.2 on revenue of ¥121.23B, compared to forecasts EPS of ¥0.1279 on revenue of ¥119.18B.
Tesla had beat expectations on Wednesday, July 20, 2022 with second quarter EPS of ¥2.27 on revenue of ¥16.93B, compared to forecast for EPS of ¥1.81 on revenue of ¥16.54B.
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