Investing.com - Rongsheng A reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Rongsheng A announced earnings per share of ¥0.01 on revenue of ¥77.49. Analysts polled by Investing.com EPS of ¥0.34 on revenue of ¥75.49B.
Rongsheng A 's are up 78% and is trading at ¥11.27 , still down 44.35% from its 52 week high of ¥20.25 set on Friday, February 11, 2022.
Rongsheng A shares gained 5.23% to trade at ¥11.27 in intra-day trade the report.
Rongsheng A follows other major Materials sector earnings this month
Rongsheng A's report follows an earnings missed by Wanhua Chemical on Tuesday, who reported EPS of ¥1.03 on revenue of ¥41.30B, 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, for EPS of ¥0.5585 on revenue of ¥11.76B.
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