Investing.com - Indus Motor Company reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Indus Motor Company announced earnings per share of 6.48 on revenue of 72.10B. Analysts polled by Investing.com anticipated EPS of 42.49 on revenue of 77.03B.
Indus Motor Company shares are down 6% from the beginning of the year, still down 36.16% from its 52 week high of 1,535.00 set on March 1. They are under-performing the KLCI which is down 4.83% from the start of the year.
Indus Motor Company shares lost 100.00% in pre-market trade following the report.
Indus Motor Company follows other major Consumer Discretionary sector earnings this month
Indus Motor Company's report follows an earnings beat by Honda Atlas Cars on Wednesday, who reported EPS of 4.61 on revenue of 30.25B, compared to forecasts EPS of 2.81 on revenue of 29.91B.
Pak Suzuki Motor Co had beat expectations on Wednesday with second quarter EPS of 5.38 on revenue of 65.92B, compared to forecast for EPS of 3.1 on revenue of 63.36B.
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