Investing.com - Zhejiang CFMoto Power reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Zhejiang CFMoto Power announced earnings per share of ¥1.68 on revenue of ¥3.73. Analysts polled by Investing.com anticipated EPS of ¥2.15 on revenue of ¥3.12B.
Zhejiang CFMoto Power shares are down 54% from the beginning of the year, still down 22.58% from its 52 week high of ¥193.58 set on November 19, 2021.
Zhejiang CFMoto Power follows other major Consumer Discretionary sector earnings this month
Zhejiang CFMoto Power's report follows an earnings beat by Fuyao Glass A on Friday, who reported EPS of ¥0.58 on revenue of ¥7.54B, compared to forecasts EPS of ¥0.4079 on revenue of ¥7.61B.
Great Star Ind A had missed expectations on August 26 with second quarter EPS of ¥0.46 on revenue of ¥3.36B, compared to forecast for EPS of ¥0.52 on revenue of ¥3.36B.
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