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 EPS of ¥0.47 on revenue of ¥877.23M.
Weihai Guangwei Composites 's are up 50% and is trading at ¥80.08 , still down 11.80% from its 52 week high of ¥90.79 set on Wednesday, September 14, 2022.
Weihai Guangwei Composites shares lost 2.01% to trade at ¥80.08 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, 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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