Investing.com - Ma’aden reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ma’aden announced earnings per share of ﷼1.64 on revenue of ﷼11.88B. Analysts polled by Investing.com anticipated EPS of ﷼0.9281 on revenue of ﷼9.53B.
Ma’aden shares are up 11% from the beginning of the year and are trading at ﷼73.20 , down-from-52-week-high.They are outperforming the Tadawul All Share which is up 7.61% from the start of the year.
Ma’aden follows other major Materials sector earnings this month
Ma’aden's report follows an earnings missed by SABIC on Tuesday, August 9, 2022, who reported EPS of ﷼2.58 on revenue of ﷼55.99B, compared to forecasts EPS of ﷼2.64 on revenue of ﷼55.99B.
SABIC AgriNutrients had beat expectations on Thursday, August 4, 2022 with second quarter EPS of ﷼6.35 on revenue of ﷼5.7B, compared to forecast for EPS of ﷼6.15 on revenue of ﷼5.7B.
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