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 EPS of ﷼0.9281 on revenue of ﷼9.53B.
Ma’aden 's are up 11% and is trading at ﷼73.20 , still down 8.84% from its 52 week high of ﷼80.30 set on Monday, August 29, 2022.
Ma’aden follows other major Materials sector earnings this month
Ma’aden's report follows an earnings missed by SABIC on Tuesday, August 9, 2022, who reported EPS of ﷼2.58 on revenue of ﷼55.99B, EPS of ﷼2.64 on revenue of ﷼55.99B.
SABIC AgriNutrients had beat expectations on Thursday, August 4, 2022 with second quarter EPS of ﷼6.35 on revenue of ﷼5.7B, for EPS of ﷼6.15 on revenue of ﷼5.7B.
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