Investing.com - Orix (NYSE:IX) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Orix announced earnings per share of ¥4.13 on revenue of ¥6.57B. Analysts polled by Investing.com anticipated EPS of ¥4.26 on revenue of ¥6.65B.
Orix shares are down 13% from the beginning of the year, still down 22.01% from its 52 week high of ¥112.91 set on January 14. They are outperforming the Euro Stoxx 50 which is down 16.09% from the start of the year.
Orix follows other major Financial sector earnings this month
Orix's report follows an earnings beat by Berkshire Hathaway A on May 2, 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 April 13 with first quarter EPS of ¥2.63 on revenue of ¥30.72B, compared to forecast for EPS of ¥2.7 on revenue of ¥30.66B.
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