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 and are trading at ¥8,318.0 , down-from-52-week-high.
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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