Investing.com - Metro Brands reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Metro Brands announced earnings per share of ₹2.86 on revenue of ₹4.76. Analysts polled by Investing.com anticipated EPS of ₹2.60 on revenue of ₹4.67B.
Metro Brands shares are up 93.96% from the beginning of the year, still down 9.33% from its 52 week high of ₹980.00 set on October 6.
Metro Brands follows other major Consumer Discretionary sector earnings this month
Metro Brands's report follows an earnings beat by Bajaj Auto on October 14, who reported EPS of ₹60.1 on revenue of ₹102.0B, compared to forecasts EPS of ₹48.82 on revenue of ₹99.12B.
Dixon Tech had missed expectations on August 31 with third quarter EPS of ₹7.7 on revenue of ₹28.55B, compared to forecast for EPS of ₹7.77 on revenue of ₹28.6B.
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