Orix (NYSE:IX) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Orix announced earnings per share of ¥2.02 on revenue of ¥5B. Analysts polled by anticipated EPS of ¥2.33 on revenue of ¥5.15B. That with comparison to EPS of ¥3.1 on revenue of ¥5.8B in the same period a year before. Orix had reported EPS of ¥3.05 on revenue of ¥5.23B in the previous quarter. Analysts are expecting EPS of ¥2.76 and revenue of ¥5.04B in the upcoming quarter.
Orix shares are down 27.18% from the beginning of the year , still down 31.91% from its 52 week high of ¥89.21 set on February 11. They are under-performing the EUR/USD which is down 0% year to date.
Orix follows other major Financial sector earnings this month
Orix'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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