Investing.com - Navin Fluorine reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Navin Fluorine announced earnings per share of ₹11.66 on revenue of ₹4.19. Analysts polled by Investing.com anticipated EPS of ₹18.90 on revenue of ₹4.57B.
Navin Fluorine shares are down 16.18% from the beginning of the year, still down 11.26% from its 52 week high of ₹4,848.35 set on September 15.
Navin Fluorine follows other major Materials sector earnings this month
Navin Fluorine's report follows an earnings missed by UltraTech Cement on Wednesday, who reported EPS of ₹26.2 on revenue of ₹138.9B, compared to forecasts EPS of ₹33.78 on revenue of ₹133.27B.
Shree Cements had missed expectations on October 14 with second quarter EPS of ₹50.81 on revenue of ₹40.38B, compared to forecast for EPS of ₹68.65 on revenue of ₹38.65B.
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