Investing.com - Xinyuan RE reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Xinyuan RE announced earnings per share of $0.46 on revenue of $655.41M. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $700.00M.
Xinyuan RE shares are down 33.33% from the beginning of the year, still down 37.31% from its 52 week high of $4.02 set on December 18, 2019. They are under-performing the EUR/USD which is down 0% from the start of the year.
Xinyuan RE shares gained 6.33% in intra-day trade following the report.
Xinyuan RE follows other major Capital Goods sector earnings this month
Xinyuan RE's report follows an earnings beat by Honeywell on October 30, who reported EPS of $1.56 on revenue of $7.8B, compared to forecasts EPS of $1.49 on revenue of $7.66B.
Deere&Company had beat expectations on Wednesday with fourth quarter EPS of $2.39 on revenue of $8.66B, compared to forecast for EPS of $1.38 on revenue of $7.57B.
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