Investing.com - Shanghai Jahwa reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Shanghai Jahwa announced earnings per share of ¥0.25 on revenue of ¥1.64. Analysts polled by Investing.com anticipated EPS of ¥0.22 on revenue of ¥1.91B.
Shanghai Jahwa shares are up 78% from the beginning of the year and are trading at ¥28.92 , down-from-52-week-high.
Shanghai Jahwa shares gained 6.21% in intra-day trade following the report.
Shanghai Jahwa follows other major Consumer Staples sector earnings this month
Shanghai Jahwa's report follows an earnings missed by Kweichow Moutai on Monday, October 17, 2022, who reported EPS of ¥11.63 on revenue of ¥30.34B, compared to forecasts EPS of ¥12.13 on revenue of ¥31.69B.
Tongwei Co Ltd had beat expectations on Wednesday with third quarter EPS of ¥1.86 on revenue of ¥41.74B, compared to forecast for EPS of ¥1.69 on revenue of ¥32.27B.
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