Investing.com - Zhejiang Jingsheng Mech Electric reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Zhejiang Jingsheng Mech Electric announced earnings per share of ¥0.62 on revenue of ¥3.09. Analysts polled by Investing.com EPS of ¥0.58 on revenue of ¥2.83B.
Zhejiang Jingsheng Mech Electric 's are up 50% and is trading at ¥70.32 , still down 18.15% from its 52 week high of ¥85.91 set on Friday, August 19, 2022.
Zhejiang Jingsheng Mech Electric shares gained 2.31% to trade at ¥70.32 in intra-day trade the report.
Zhejiang Jingsheng Mech Electric follows other major Information Technology sector earnings this month
Zhejiang Jingsheng Mech Electric's report follows an earnings beat by TCL Zhonghuan Renewable Energy Tech on Thursday, who reported EPS of ¥0.64 on revenue of ¥18.15B, EPS of ¥0.5882 on revenue of ¥21.14B.
Thunder Software Tech had beat expectations on Tuesday with third quarter EPS of ¥0.56 on revenue of ¥1.38B, for EPS of ¥0.5118 on revenue of ¥1.46B.
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