Investing.com - Ma’aden reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ma’aden announced earnings per share of ﷼1.64 on revenue of ﷼11.88B. Analysts polled by Investing.com anticipated EPS of ﷼0.9281 on revenue of ﷼9.53B.
Ma’aden shares are up 11% from the beginning of the year and are trading at ﷼73.20 , down-from-52-week-high.They are outperforming the Tadawul All Share which is up 7.61% from the start of the year.
Ma’aden follows other major Materials sector earnings this month
Ma’aden's report follows an earnings missed by SABIC on August 9, who reported EPS of ﷼2.58 on revenue of ﷼55.99B, compared to forecasts EPS of ﷼2.64 on revenue of ﷼55.99B.
SABIC AgriNutrients had beat expectations on August 4 with second quarter EPS of ﷼6.35 on revenue of ﷼5.7B, compared to forecast for EPS of ﷼6.15 on revenue of ﷼5.7B.
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