Investing.com - Zhejiang Meida Industrial A reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Zhejiang Meida Industrial A announced earnings per share of ¥0.22 on revenue of ¥565.60. Analysts polled by Investing.com anticipated EPS of ¥0.32 on revenue of ¥660.27M.
Zhejiang Meida Industrial A shares are up 78% from the beginning of the year, still down 44.45% from its 52 week high of ¥18.65 set on January 10.
Zhejiang Meida Industrial A shares lost 2.81% in intra-day trade following the report.
Zhejiang Meida Industrial A follows other major Consumer Discretionary sector earnings this month
Zhejiang Meida Industrial A'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.
Huizhou Desay A had missed expectations on Wednesday with third quarter EPS of ¥0.31 on revenue of ¥3.70B, compared to forecast for EPS of ¥0.5081 on revenue of ¥3.77B.
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