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Investing.com - Niu Tech reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Niu Tech announced earnings per share of ¥0.02 on revenue of ¥1.15B. Analysts polled by Investing.com EPS of ¥1.43 on revenue of ¥1.86B.
Niu Tech 's are down 78% and is trading at ¥3.53 , still down 83.88% from its 52 week high of ¥21.90 set on Monday, November 22, 2021.
Niu Tech follows other major Consumer Discretionary sector earnings this month
Niu Tech's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of ¥0.28 on revenue of ¥127.1B, EPS of ¥0.22 on revenue of ¥127.76B.
Home Depot had beat expectations on Tuesday, November 15, 2022 with third quarter EPS of ¥4.24 on revenue of ¥38.9B, for EPS of ¥4.12 on revenue of ¥37.92B.
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