Investing.com - Sumitomo Mitsui Financial ADR reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sumitomo Mitsui Financial ADR announced earnings per share of ¥0.2737 on revenue of ¥9.9B. Analysts polled by Investing.com anticipated EPS of ¥0.1781 on revenue of ¥5.43B.
Sumitomo Mitsui Financial ADR shares are down 5.82% from the beginning of the year and are trading at ¥6.395 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Sumitomo Mitsui Financial ADR shares gained 4.32% in intra-day trade following the report.
Sumitomo Mitsui Financial ADR follows other major Financial sector earnings this month
Sumitomo Mitsui Financial ADR's report follows an earnings beat by Berkshire Hathaway A on Tuesday, July 19, 2022, who reported EPS of ¥4774.01 on revenue of ¥70.81B, compared to forecasts EPS of ¥4277.66 on revenue of ¥70.32B.
JPMorgan had missed expectations on Thursday, July 14, 2022 with second quarter EPS of ¥2.76 on revenue of ¥30.72B, compared to forecast for EPS of ¥2.89 on revenue of ¥31.86B.
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