Investing.com - Shenzhen Inovance Tech reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Shenzhen Inovance Tech announced earnings per share of ¥0.42 on revenue of ¥5.84. Analysts polled by Investing.com anticipated EPS of ¥0.43 on revenue of ¥6.28B.
Shenzhen Inovance Tech shares are down 16.97% from the beginning of the year and are trading at ¥66.70 , down-from-52-week-high.
Shenzhen Inovance Tech shares gained 0.85% in intra-day trade the report.
Shenzhen Inovance Tech follows other major Industrials sector earnings this month
Shenzhen Inovance Tech's report follows an earnings beat by Amperex Tech A on Saturday, who reported EPS of ¥3.86 on revenue of ¥97.37B, compared to forecasts EPS of ¥3.52 on revenue of ¥72.2B.
Sungrow Power Supply had beat expectations on Thursday with third quarter EPS of ¥0.77 on revenue of ¥9.94B, compared to forecast for EPS of ¥0.5242 on revenue of ¥9.54B.
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