Investing.com - Weihai Guangwei Composites reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Weihai Guangwei Composites announced earnings per share of ¥0.47 on revenue of ¥625.80. Analysts polled by Investing.com anticipated EPS of ¥0.47 on revenue of ¥877.23M.
Weihai Guangwei Composites shares are up 50% from the beginning of the year and are trading at ¥80.08 , down-from-52-week-high.
Weihai Guangwei Composites shares lost 2.01% in intra-day trade the report.
Weihai Guangwei Composites follows other major Materials sector earnings this month
Weihai Guangwei Composites's report follows an earnings missed by Wanhua Chemical on Tuesday, who reported EPS of ¥1.03 on revenue of ¥41.30B, compared to forecasts EPS of ¥1.65 on revenue of ¥43.38B.
China Northern Rare Earth Hi-Tech had missed expectations on Friday with third quarter EPS of ¥0.42 on revenue of ¥7.87B, compared to forecast for EPS of ¥0.5585 on revenue of ¥11.76B.
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