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Investing.com - Tsingtao Brewery reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tsingtao Brewery announced earnings per share of ¥1.03 on revenue of ¥9.84. Analysts polled by Investing.com EPS of ¥1.13 on revenue of ¥9.85B.
Tsingtao Brewery 's are down 11.7% and is trading at ¥87.73 , still down 20.48% from its 52 week high of ¥110.32 set on Tuesday, August 30, 2022.
Tsingtao Brewery shares lost 7.45% to trade at ¥87.73 in intra-day trade the report.
Tsingtao Brewery follows other major Consumer Staples sector earnings this month
Tsingtao Brewery's report follows an earnings missed by Kweichow Moutai on Monday, October 17, 2022, who reported EPS of ¥11.63 on revenue of ¥30.34B, EPS of ¥12.13 on revenue of ¥31.69B.
Foshan Haitian Food had missed expectations on Thursday with third quarter EPS of ¥0.28 on revenue of ¥5.56B, for EPS of ¥0.3611 on revenue of ¥6.78B.
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