Nomura Holdings (ADR) (NMR) Releases Earnings Results, Beats Expectations By $6.91 EPS

Nomura Holdings (ADR) (NMR) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $12.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $6.91. Analysts had a consensus of $5.80. The company posted revenue of $418412.00 million in the period, compared to analysts expectations of $300497.72 million. The company’s revenue was down -17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $19.11 EPS.

Many Wall Street Analysts have commented on Nomura Holdings (ADR). Nomura Holdings (ADR) was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 8, 2016.

Nomura Holdings (ADR) opened for trading at $4.06 and hit $4.46 on the upside on Thursday, eventually ending the session at $4.36, with a gain of 9.00% or 0.36 points. The heightened volatility saw the trading volume jump to 11,41,209 shares. Company has a market cap of $15,733 M.

Nomura Holdings Inc. (Nomura) is a Japan-based financial services company. The Company operates through three business segments: Retail Asset Management and Wholesale. The Retail segment provides investment consultation services to individual clients in Japan. The Asset Management segment develops and manages investment trusts and provides investment advisory services. The Wholesale segment is engaged in the sales and trading of debt and equity securities derivatives and currencies on a global basis and provides investment banking services such as the underwriting of debt and equity securities as well as mergers and acquisitions and financial advice. Its business lines include retail banking commercial banking payment and settlement retail brokerage trading and sales corporate finance agency services and asset management. Nomura through its subsidiaries operates offices in countries and regions across the world.

Nomura Holdings  (ADR)

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