Investing.com - Oriental Yuhong A reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Oriental Yuhong A announced earnings per share of ¥0.28 on revenue of ¥8.07. Analysts polled by Investing.com anticipated EPS of ¥0.54 on revenue of ¥10.59B.
Oriental Yuhong A shares are up 78% from the beginning of the year, still down 50.68% from its 52 week high of ¥53.18 set on January 20.
Oriental Yuhong A shares gained 6.89% in intra-day trade following the report.
Oriental Yuhong A follows other major Materials sector earnings this month
Oriental Yuhong 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.
Rongsheng A had missed expectations on Wednesday with third quarter EPS of ¥0.01 on revenue of ¥77.49B, compared to forecast for EPS of ¥0.3396 on revenue of ¥75.49B.
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