Investing.com - Cango reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cango announced earnings per share of ¥-0.810 on revenue of ¥416.45M. Analysts polled by Investing.com EPS of ¥0.450 on revenue of ¥1.2B.
Cango 's are down 33.26% and is trading at ¥1.520 , still down 55.03% from its 52 week high of ¥3.38 set on Thursday, June 16, 2022.
Cango follows other major Consumer Discretionary sector earnings this month
Cango's report follows an earnings beat by Home Depot on Tuesday, November 15, 2022, who reported EPS of ¥4.24 on revenue of ¥38.9B, EPS of ¥4.12 on revenue of ¥37.92B.
Toyota Motor ADR had missed expectations on Tuesday, November 1, 2022 with second quarter EPS of ¥2.14 on revenue of ¥62.24B, for EPS of ¥3.5 on revenue of ¥62.38B.
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