Investing.com - Zhejiang Satellite Petrochem A reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Zhejiang Satellite Petrochem A announced earnings per share of ¥0.07 on revenue of ¥8.96. Analysts polled by Investing.com anticipated EPS of ¥1.00 on revenue of ¥10.26B.
Zhejiang Satellite Petrochem A shares are up 50% from the beginning of the year and are trading at ¥12.55 , down-from-52-week-high.
Zhejiang Satellite Petrochem A shares lost 2.26% in intra-day trade the report.
Zhejiang Satellite Petrochem A follows other major Materials sector earnings this month
Zhejiang Satellite Petrochem A'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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