Investing.com - Tsingtao Brewery reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tsingtao Brewery announced earnings per share of ¥1.03 on revenue of ¥9.84. Analysts polled by Investing.com anticipated EPS of ¥1.13 on revenue of ¥9.85B.
Tsingtao Brewery shares are down 11.7% from the beginning of the year and are trading at ¥87.73 , down-from-52-week-high.
Tsingtao Brewery shares lost 7.45% in intra-day trade following the report.
Tsingtao Brewery follows other major Consumer Staples sector earnings this month
Tsingtao Brewery's report follows an earnings missed by Kweichow Moutai on Monday, October 17, 2022, who reported EPS of ¥11.63 on revenue of ¥30.34B, compared to forecasts EPS of ¥12.13 on revenue of ¥31.69B.
Foshan Haitian Food had missed expectations on Thursday with third quarter EPS of ¥0.28 on revenue of ¥5.56B, compared to forecast for EPS of ¥0.3611 on revenue of ¥6.78B.
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