ADR Earnings Beat, Revenue Inline In Q1 By Financial Eye

© Financial Eye. ADR Earnings Beat, Revenue Inline In Q1

Financial Eye – ADR reported on Wednesday first quarter that beat analysts’ forecasts and revenue that was inline with expectations. ADR announced earnings per share of -0.535 on revenue of 3.85B. Analysts polled anticipated EPS of -0.5452 on revenue of 3.85B. ADR shares are down 20% from the beginning of the year, still down 53.45% from its 52 week high of 42.04 set on June 1, 2021. They are outperforming the Nasdaq which is down 26.91% from the start of the year. ADR follows other major Consumer Discretionary sector earnings this month ADR’s report follows an earnings missed by on April 28, who reported EPS of -7.56 on revenue of 116.44B, compared to forecasts EPS of 8.35 on revenue of 116.45B.

Home Depot had beat expectations on May 17 with first quarter EPS of 4.09 on revenue of 38.91B, compared to forecast for EPS of 3.69 on revenue of 36.71B.

Stay up-to-date on all of the upcoming earnings reports by visiting Financial Eye’s earnings calendar

Source: Investopedia