Investing.com - Pioneer Cement reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pioneer Cement announced earnings per share of ₨-2.54 on revenue of ₨9.34B. Analysts polled by Investing.com anticipated EPS of ₨1.31 on revenue of ₨9.56B.
Pioneer Cement shares are down 78.78% from the beginning of the year, still down 35.26% from its 52 week high of ₨106.00 set on November 2, 2021.
Pioneer Cement follows other major Materials sector earnings this month
Pioneer Cement's report follows an earnings beat by Fauji Cement Company on September 20, who reported EPS of ₨1.45 on revenue of ₨31.32B, compared to forecasts EPS of ₨1.4 on revenue of ₨31.32B.
Kohat Cement Company had missed expectations on August 31 with fourth quarter EPS of ₨3.7 on revenue of ₨9.02B, compared to forecast for EPS of ₨3.79 on revenue of ₨9.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar