Investing.com - Xian Sunresin New Materials Co Ltd reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Xian Sunresin New Materials Co Ltd announced earnings per share of ¥0.35 on revenue of ¥424.50. Analysts polled by Investing.com anticipated EPS of ¥0.40 on revenue of ¥503.02M.
Xian Sunresin New Materials Co Ltd shares are up 50% from the beginning of the year and are trading at ¥76.41 , down-from-52-week-high.
Xian Sunresin New Materials Co Ltd shares gained 0.26% in intra-day trade after the report.
Xian Sunresin New Materials Co Ltd follows other major Materials sector earnings this month
Xian Sunresin New Materials Co Ltd'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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