Investing.com - Jiangsu Yangnong Chemical reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Jiangsu Yangnong Chemical announced earnings per share of ¥0.40 on revenue of ¥3.54. Analysts polled by Investing.com anticipated EPS of ¥1.05 on revenue of ¥2.81B.
Jiangsu Yangnong Chemical shares are up 7% from the beginning of the year and are trading at ¥96.44 , down-from-52-week-high.
Jiangsu Yangnong Chemical shares gained 3.48% in intra-day trade following the report.
Jiangsu Yangnong Chemical follows other major Materials sector earnings this month
Jiangsu Yangnong Chemical's report follows an earnings missed by Wanhua Chemical on Tuesday, who reported EPS of ¥1.03 on revenue of ¥41.30B, compared to forecasts 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, compared to forecast for EPS of ¥0.5585 on revenue of ¥11.76B.
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