Investing.com - Pioneer Cement reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pioneer Cement announced earnings per share of ₨-2.54 on revenue of ₨9.34B. Analysts polled by Investing.com anticipated EPS of ₨1.31 on revenue of ₨9.56B.
Pioneer Cement shares are down 78.78% from the beginning of the year and are trading at ₨68.62 , down-from-52-week-high.
Pioneer Cement follows other major Materials sector earnings this month
Pioneer Cement's report follows an earnings beat by Fauji Cement Company on Tuesday, September 20, 2022, who reported EPS of ₨1.45 on revenue of ₨31.32B, compared to forecasts EPS of ₨1.4 on revenue of ₨31.32B.
Kohat Cement Company had missed expectations on Wednesday, August 31, 2022 with fourth quarter EPS of ₨3.7 on revenue of ₨9.02B, compared to forecast for EPS of ₨3.79 on revenue of ₨9.02B.
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