Investing.com - Shenzhen Transsion reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Shenzhen Transsion announced earnings per share of ¥0.75 on revenue of ¥12.92. Analysts polled by Investing.com anticipated EPS of ¥1.26 on revenue of ¥13.68B.
Shenzhen Transsion shares are down 26% from the beginning of the year and are trading at ¥63.36 , down-from-52-week-high.
Shenzhen Transsion follows other major Information Technology sector earnings this month
Shenzhen Transsion's report follows an earnings beat by TCL Zhonghuan Renewable Energy Tech on Thursday, October 20, 2022, who reported EPS of ¥0.64 on revenue of ¥18.15B, compared to forecasts EPS of ¥0.5882 on revenue of ¥21.14B.
Zhejiang Jingsheng Mech Electric had beat expectations on Tuesday with third quarter EPS of ¥0.62 on revenue of ¥3.09B, compared to forecast for EPS of ¥0.5751 on revenue of ¥2.83B.
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