Investing.com - Milkyway Chemical reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Milkyway Chemical announced earnings per share of ¥1.05 on revenue of ¥2.82. Analysts polled by Investing.com anticipated EPS of ¥0.98 on revenue of ¥3.09B.
Milkyway Chemical shares are up 50% from the beginning of the year, still down 18.48% from its 52 week high of ¥153.88 set on July 27.
Milkyway Chemical shares lost 9.30% in intra-day trade following the report.
Milkyway Chemical follows other major Industrials sector earnings this month
Milkyway Chemical's report follows an earnings beat by Amperex Tech A on Saturday, who reported EPS of ¥3.86 on revenue of ¥97.37B, compared to forecasts EPS of ¥3.52 on revenue of ¥72.2B.
Jiangsu Hengli Hydraulic had beat expectations on Tuesday with third quarter EPS of ¥0.53 on revenue of ¥2.03B, compared to forecast for EPS of ¥0.46 on revenue of ¥2.32B.
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