Investing.com - ACC reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ACC announced earnings per share of ₹-4.65 on revenue of ₹39.87. Analysts polled by Investing.com anticipated EPS of ₹9.88 on revenue of ₹40.67B.
ACC shares are up 1.37% from the beginning of the year , still down 19.35% from its 52 week high of ₹2,785.00 set on Wednesday, September 14, 2022.
ACC follows other major Materials sector earnings this month
ACC's report follows an earnings missed by Shree Cements on Friday, who reported EPS of ₹50.81 on revenue of ₹40.38B, compared to forecasts EPS of ₹68.65 on revenue of ₹38.65B.
HeidelbergCement India had missed expectations on Tuesday with second quarter EPS of ₹0.31 on revenue of ₹5.06B, compared to forecast for EPS of ₹1.68 on revenue of ₹5.93B.
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