ADR Earnings miss, Revenue beats In Q1

© Reuters. ADR Earnings miss, Revenue beats In Q1 – ADR reported on Thursday first quarter that missed analysts’ forecasts and revenue that topped expectations. ADR announced earnings per share of -3.73 on revenue of 4.73B. Analysts polled by anticipated EPS of -3.56 on revenue of 4.11B. That with comparison to EPS of 2.93 on revenue of 8.16B in the same period a year ADR had reported EPS of 1.94 on revenue of 8.34B in the previous quarter.Analysts are expecting EPS of -2.6 and revenue of 4.16B in the upcoming quarter. ADR shares are down 24% from the beginning of the year and are trading at 25.34 , down-from-52-week-high.They are under-performing the Nasdaq which is up 3.65% year to date. ADR follows other major Services sector earnings this month ADR’s report follows an earnings missed by on April 30, who reported EPS of 5.01 on revenue of 75.45B, compared to forecasts EPS of 6.16 on revenue of 73.74B.

Alibaba ADR had beat expectations on May 22 with fourth quarter EPS of 9.2 on revenue of 114.31B, compared to forecast for EPS of 6.23 on revenue of 107.71B.

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