Investing.com - Rianlon reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Rianlon announced earnings per share of ¥0.70 on revenue of ¥1.33. Analysts polled by Investing.com anticipated EPS of ¥0.65 on revenue of ¥1.23B.
Rianlon shares are up 50% from the beginning of the year and are trading at ¥62.91 , down-from-52-week-high.
Rianlon shares gained 3.08% in intra-day trade after the report.
Rianlon follows other major Materials sector earnings this month
Rianlon'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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