Investing.com - Wanhua Chemical reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wanhua Chemical announced earnings per share of ¥1.03 on revenue of ¥41.30. Analysts polled by Investing.com anticipated EPS of ¥1.65 on revenue of ¥43.38B.
Wanhua Chemical shares are up 7% from the beginning of the year and are trading at ¥84.44 , down-from-52-week-high.
Wanhua Chemical shares lost 1.87% in intra-day trade following the report.
Wanhua Chemical follows other major Materials sector earnings this month
Wanhua Chemical's report follows an earnings missed by China Northern Rare Earth Hi-Tech on Friday, who reported EPS of ¥0.42 on revenue of ¥7.87B, compared to forecasts EPS of ¥0.5585 on revenue of ¥11.76B.
China Molybdenum A had missed expectations on Monday with third quarter EPS of ¥0.05 on revenue of ¥40.70B, compared to forecast for EPS of ¥0.0866 on revenue of ¥42.14B.
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