Mitsubishi UFJ (NYSE:MUFG) Financial ADR reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mitsubishi UFJ Financial ADR announced earnings per share of ¥-0.05 on revenue of ¥8.58B. Analysts polled by anticipated EPS of ¥0.04 on revenue of ¥8.98B. That with comparison to EPS of ¥0 on revenue of ¥8.3B in the same period a year before. Mitsubishi UFJ Financial ADR had reported EPS of ¥-0.02 on revenue of ¥15.66B in the previous quarter. Analysts are expecting EPS of ¥0.16 and revenue of ¥9.3B in the upcoming quarter.
Mitsubishi UFJ Financial ADR shares are down 29.28% from the beginning of the year , still down 30.69% from its 52 week high of ¥5.54 set on December 17, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Mitsubishi UFJ Financial ADR shares gained 0.66% in intra-day trade following the report.
Mitsubishi UFJ Financial ADR follows other major Financial sector earnings this month
Mitsubishi UFJ Financial ADR's report follows an earnings missed by Berkshire Hathaway on May 2, who reported EPS of ¥3608.56 on revenue of ¥61.13B, compared to forecasts EPS of ¥3796.9 on revenue of ¥63.02B.
Mastercard had beat expectations on April 29 with first quarter EPS of ¥1.83 on revenue of ¥4.01B, compared to forecast for EPS of ¥1.72 on revenue of ¥3.96B.
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