Investing.com - Nidec Corp reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nidec Corp announced earnings per share of ¥78.9 on revenue of ¥590.4. Analysts polled by Investing.com anticipated EPS of ¥71.5 on revenue of ¥560.34B.
Nidec Corp shares are up 50% from the beginning of the year , still down 39.90% from its 52 week high of ¥13,840.00 set on Tuesday, January 4, 2022.
Nidec Corp follows other major Industrials sector earnings this month
Nidec Corp's report follows an earnings beat by Yaskawa Electric Corp. on Friday, October 7, 2022, who reported EPS of ¥50.97 on revenue of ¥143.22B, compared to forecasts EPS of ¥47.78 on revenue of ¥133.37B.
BayCurrent Consult had beat expectations on Friday, October 14, 2022 with second quarter EPS of ¥281.42 on revenue of ¥17.49B, compared to forecast for EPS of ¥272.79 on revenue of ¥17.21B.
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