Investing.com - China Resources Microelectronics reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
China Resources Microelectronics announced earnings per share of ¥0.53 on revenue of ¥2.49. Analysts polled by Investing.com anticipated EPS of ¥0.40 on revenue of ¥2.77B.
China Resources Microelectronics shares are down 33% from the beginning of the year and are trading at ¥50.37 , down-from-52-week-high.
China Resources Microelectronics follows other major Information Technology sector earnings this month
China Resources Microelectronics's report follows an earnings beat by TCL Zhonghuan Renewable Energy Tech on Thursday, October 20, 2022, who reported EPS of ¥0.64 on revenue of ¥18.15B, compared to forecasts EPS of ¥0.5882 on revenue of ¥21.14B.
Beijing Kingsoft Office had beat expectations on Thursday with third quarter EPS of ¥0.64 on revenue of ¥1.00B, compared to forecast for EPS of ¥0.625 on revenue of ¥987.97M.
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